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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
Delayed Nasdaq  -  04:00 2022-09-23 pm EDT
98.74 USD   -1.40%
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Senate panel approves bill to give news organizations more power against tech platforms

09/22/2022 | 10:14am EDT
FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration

WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee voted Thursday to approve a bill aimed at allowing news organizations to band together to negotiate with Alphabet Inc's Google and Meta's Facebook and win more revenue.

It must now go to the Senate for their approval. A similar bill is before the U.S. House of Representatives.

The bill is aimed at giving news and broadcast organizations more clout after years of criticism that the big tech companies use their content to attract traffic and ad revenue without fairly compensating the publishers, many of which have struggled to make profits in recent years.

Unlike other bills aimed at reining in big tech, some progressive groups oppose this measure, including Public Knowledge, on the grounds that it favors big broadcasters like News Corp, Sinclair and Comcast/NBCU.

Also opposing the bill are two technology industry trade groups that Facebook and Google belong to: the Computer & Communications Industry Association and NetChoice.

(Reporting by Diane Bartz; editing by Jonathan Oatis)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.40% 98.74 Delayed Quote.-31.83%
HF SINCLAIR CORPORATION -5.86% 49.2 End-of-day quote.50.09%
META PLATFORMS, INC. -1.69% 140.41 Delayed Quote.-58.25%
NEWS CORPORATION -2.29% 15.33 Delayed Quote.-31.29%
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2022 290 B - -
Net income 2022 68 283 M - -
Net cash 2022 131 B - -
P/E ratio 2022 19,0x
Yield 2022 -
Capitalization 1 291 B 1 291 B -
EV / Sales 2022 4,00x
EV / Sales 2023 3,54x
Nbr of Employees 174 014
Free-Float 89,4%
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Technical analysis trends ALPHABET INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 98,74 $
Average target price 142,80 $
Spread / Average Target 44,6%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
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