1,133.66 +3.56 (0.32%)
Pre-market: 4:27AM EDT
|Bid||1,133.66 x 900|
|Ask||1,141.07 x 800|
|Day's range||1,129.62 - 1,151.14|
|52-week range||970.11 - 1,289.27|
|Beta (3Y monthly)||0.99|
|PE ratio (TTM)||28.35|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action.The settlement also calls for the Alphabet Inc. unit to train employees and managers about age bias, to create a committee focused on age diversity in recruiting and to ensure that complaints are adequately investigated.Lawyers for the company and attorneys representing the over-40 job seekers who sued submitted a final settlement proposal Friday to a federal judge in San Jose, California. Lawyers will collect about $2.75 million from the accord.The case was brought by a woman who claimed she was interviewed by Google four times over seven years and was never offered employment despite her “highly pertinent qualifications and programming experience” because of her age. Cheryl Fillekes accused the company of “a systematic pattern and practice of discriminating” against older people.“Age discrimination is an issue that needs to be addressed in the tech industry, and we’re very pleased that we were able to obtain a fair settlement for our clients in this case,” Daniel Low, a lawyer for Fillekes, said in an email.Google denied the allegations, saying that Fillekes and other job seekers she cited as examples didn’t demonstrate the technical aptitude required for the job, even though they were found by staff interviewers to be “Googley” enough to be a good fit for the company.The company said it still denies that it intentionally discriminated against Fillekes, or any of the other plaintiffs, because of their age. It says it has strong policies in place against discrimination, including age discrimination.The case is Heath v. Google Inc., 15-cv-01824, U.S. District Court, Northern District of California (San Jose).(Updates with Google’s position in last paragraph)To contact the reporter on this story: Robert Burnson in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Peter Blumberg, Joe SchneiderFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Introduced a few I/Os back, Fast Pair is Google’s attempt to make its own markon the post-AirPod headphone landscape
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.
Spotting and diagnosing cancer is a complex and difficult process even for thededicated medical professionals who do it for a living
(Bloomberg) -- Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc.The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to new research by Macquarie analyst Ben Schachter. Once a user has entered their payment information, the app not only remembers it, but also removes the choice to swap back to Google Play for future purchases, he wrote.“This is a huge difference," Schachter said in an interview. “It’s an incredibly high-margin business for Google bringing in billions of dollars," he said.The shares of Tinder’s parent company, Match Group Inc., spiked 5% when Schachter’s note was published on Thursday. Shares of Google parent Alphabet Inc. were little changed.Apple and Google launched their app stores in 2008, and they soon grew into powerful marketplaces that matched the creations of millions of independent developers with billions of smartphone users. In exchange, the companies take as much as 30% of revenue. The app economy is expected to grow to $157 billion in 2022, according to App Annie projections.As the market expands, a growing revolt has been gaining steam over the past year. Spotify Technology SA filed an antitrust complaint with the European Commission earlier this year, claiming the cut Apple takes amounts to a tax on competitors. Netflix Inc. has recently stopped letting Apple users subscribe via the App Store and Epic Games Inc. said last year it wouldn’t distribute Fortnite, one of the world’s most popular video games, through Google Play.Match declined to answer questions about whether the company was also investigating bypassing Apple’s App Store. Match is expected to discuss the payment flow change with analysts and investors during its next earnings call on Aug. 6.“At Match Group, we constantly test new updates and features to offer convenience, control and choice to our users," Justine Sacco, a spokeswoman for Match, wrote in an email. “We will always try to provide options that benefit their experience and offering payment options is one example of this."Google didn’t immediately respond to requests for comment.Of the high-profile companies that have shunned the App store, Match is the only one that has changed the payment method in-app, Schachter noted. Others have instead forced subscribers back to their own websites to enter payment information.Tinder’s move could spark a domino effect.“Tinder is relatively small and it won’t have a massive impact, but the concern is if this grows and gets into gaming apps as it starts moving forward," Schachter said. “We’re going to see a lot of other companies potentially trying to experiment with this."\--With assistance from Mark Bergen.To contact the reporter on this story: Olivia Carville in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
After making headlines with its astonishing public debut without the help of bankers, Slack (WORK) seems to have lost steam in July.
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.
An Israeli cybersecurity company has reportedly developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products.
But before all this can happen, we need tomake sure the thousands of drones in the sky are operating safely
Sonal Shah worked at Goldman Sachs from 2004 to 2007 as a vice president, according to her LinkedIn page. She then worked for Google as its head of global development initiatives from 2007 to 2009.
Google today announced an update to YouTube Music on iOS and Android that willmake it easier to seamlessly switch between merely listening to the audio andwatching a song's music video
Google announced Thursday that Youngstown, Ohio, has been selected as the inaugural city for an initiative with McClatchy, called the Compass Experiment.
Google launched a bug bounty program for Chrome in 2010. Rewards in Chrome's bug bounty program vary considerably based on how severe a bug is and how detailed your report is — a "baseline" report with fewer details will generally earn less than a "high-quality" report that does things like explain how a bug might be exploited, why it's happening and how it might be fixed. The maximum payout for a baseline report is increasing from $5,000 to $15,000, while the maximum payout for a high-quality report is being bumped from $15,000 to $30,000.
Alphabet (GOOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ash Carter says the tech giant should be focusing its efforts in the U.S. "We're in debt to the society that we live in."
Washington’s war on Big Tech is more of a high-stakes poker game than a real threat to the businesses of Google, Amazon, Apple, and Facebook, according to a new analyst note.