Google's plan to block a popular web tracking tool called "cookies" is anti-competitive, a group of advertisers, publishers and tech companies said in a complaint to EU antitrust regulators. The grievance could boost the European Commission's investigation opened in June into Alphabet unit Google's Privacy Sandbox which the company said could allow businesses to target clusters of consumers without identifying individuals. Google said a year ago that it would ban some cookies in its Chrome browser to increase user privacy and offer the Privacy Sandbox as an alternative.
C3.ai (NYSE: AI) gained a lot of attention when it went public last December, for three main reasons. First, it was founded and led by Thomas Siebel, who previously founded the enterprise software company Siebel Systems and oversaw its sale to Oracle for $5.85 billion in 2006. Second, C3.ai dazzled investors with its 71% sales growth in fiscal 2020, which accelerated from its 48% growth in fiscal 2019.
Palantir (NYSE: PLTR) and IBM (NYSE: IBM) are two very different types of tech companies. Palantir's market value has tripled since its direct listing last September, thanks to the robust growth of its data mining and AI platforms. IBM, which went public 110 years ago, has lost about a fifth of its value over the past decade as it struggled to grow its legacy businesses.