Yahoo Finance Live's Brian Sozzi discusses stock buybacks among Big Tech companies.
Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc unit in 2015. In his first media interview since becoming chief executive of Google Fiber in February 2018, Dinni Jain told Reuters on Wednesday that his team was finally prepared to "add a little bit more build velocity" after over four years of sharpening operations. "There was an impression 10 years ago that Google Fiber was trying to build the entire country," Jain said.
Cloud computing is changing how companies do business. Instead of purchasing expensive in-house computing resources that can quickly go out of date, companies can contract whatever computing power they need to entities like Amazon (NASDAQ: AMZN) Web Services (AWS), Microsoft (NASDAQ: MSFT) Azure, and Alphabet's (NASDAQ: GOOG) Google Cloud. The use case of cloud computing is vast, which makes sense, given its current $447 billion market size.