Google chairman Eric Scmidt buys stake in New York hedge fund from Lehman Brothers April 23, 2015 Google chairman Eric Schmidt has snapped up a 20 per cent stake in a New York hedge fund from the estate of Lehman Brothers Holdings. Hillspire LLC, the family office of multi-billionaire Schmidt, signed the deal for a passive stake in the $36bn firm. The price of the minority stake, which will not [...]
Project Fi: Everything you need to know about Google’s mobile phone network April 22, 2015 After venturing into manufacturing handsets and providing broadband, Google is making its first move into the mobile phone network business. "Project Fi" is the name given to Google's latest piece of disruptive technology. Here's everything you need to know about the internet giant's new mobile network. How does it work? Currently only available on the Google [...]
Mobilegeddon: The FTSE 100 winners and losers from Google’s algorithm changes April 21, 2015 It’s the end of the (online) world as we know it – and more than a third of FTSE 100 firms are not fine. So-called “mobilegeddon” is here. But that doesn't mean quite the end of the world – unless that is you happen to have a website which people tend to find through Google [...]
Elon Musk was on the verge of selling Tesla to Google for $11bn and even “shook” on a deal with Larry Page April 20, 2015 The millionaire magnate behind the world's best-known electric carmaker was on the verge of selling his company to Google as it failed to turn a profit. Elon Musk's Tesla was about to fall into bankruptcy and the founder had begun negotiating with Google on a deal for the firm, according to a new book on [...]
Google’s mobile friendly algorithm change: Why businesses could rue “mobilegeddon” April 20, 2015 Google is about to embark on a major algorithm change which could leave businesses who have yet to adapt to mobile see their customer base shrink overnight. Billed as “mobilegeddon” in some quarters, the search engine will tomorrow start to roll out what is expected to be the biggest change to its search results in [...]
Tech sector divided over Google battle as EU launches antitrust probe April 15, 2015 Google faced the most serious regulatory threat in its history yesterday after EU officials launched a probe into its market dominance, sparking division among UK tech players about the benefits of the move. EU competition bosses confirmed they would investigate the US giant over its dominance and whether it abused it to rig Google shopping [...]
As the EU files an antitrust complaint against Google, is its dominance actually dangerous? April 15, 2015 Steve Kuncewicz, a media lawyer at Bermans, says Yes Much as the public may not really care about how their search results are presented to them, Google’s ubiquity may be about more than it just being the best at what it does. This case turns on how Google presents search results relating to its competitors, [...]
Europe vs Google: EU accuses search giant of market dominance abuse in EU antitrust case and launches Android probe April 15, 2015 Five years after the European Commission first began investigating Google's dominance of internet search, formal charges against the search giant have finally been filed, accusing Google of anti-competitive behaviour. The EC's competition commissioner claims Google favours its own comparison of shopping products in search result pages over those of other shopping sites and has taken the [...]
Borgen muse Margrethe Vestager tipped to finally shake up Google in anti-trust probe April 14, 2015 She is said to be the inspiration behind Birgitte Nyborg, the cool-headed Danish prime minister in the hit TV show Borgen. Today, European competition commissioner Margrethe Vestager is expected to live up to the go-getting reputation of her fictional counterpart by setting out a list of charges, known as a statement of objections (SO), against [...]
Danish competition guru Margrethe Vestager set to go into battle with Google April 13, 2015 EU official Margrethe Vestager is tipped to lay charges against the internet giant as soon as tomorrow. As a company, Google’s name is so synonymous with searching that it is frequently used as a verb. In other areas the technology giant may not always have been so well-known. But that, say its detractors, has never [...]