Tag Archive: billion


Eight Android apps with 2 billion+ downloads are committing ad click fraud

Offending apps include Clean Master, CM File Manager, Battery Doctor, and more.

Google’s made considerable efforts over the years to reduce the amount of junk that pops up on the Play Store, but even with all of that hard work, some garbage still seeps through the cracks. On November 26, BuzzFeed News published a report outlining how eight Android apps on the Play Store are being used to commit click fraud with advertisements.

App analytics firm Kochava  [Read More…]

Google withdraws its bid for Pentagon’s $10 billion cloud contract

Google says the project doesn’t align with its AI principles.

The Pentagon is currently soliciting bids for a $ 10 billion cloud computing contract that will involve shifting vast troves of data from the Department of Defense to a commercial cloud. Google was one of the tech giants angling for the project, along with Amazon, Microsoft, IBM, and others, but today the company announced that it is withdrawing its bid.

Without going into details, Google said that  [Read More…]

Google just dodged a £4.4 billion lawsuit in the United Kingdom

The lawsuit has been going on for more than 6 years.

Google’s been no stranger to lawsuits over the years, and on October 8, a court in the United Kingdom decided to drop a £4.4 billion one that was originally filed over 6 years ago.

Between August 2011 and February 2012, it was discovered that Google was bypassing privacy settings on iPhones to collect gender, race, shopping habits, and other data on users through Apple’s Safari browser.

  [Read More…]

Samsung forecasts all-time record profit of $15.5 billion in Q3 2018

After a downturn in Q2, Samsung is once again back to shattering profit records.

Samsung is on track to beat the $ 14.6 billion in profits it netted in Q1 2018. In its Q3 2018 earnings guidance, Samsung is forecasting an operating profit of $ 15.5 billion (17.5 trillion won) on the back of revenues of $ 57.5 billion (65 trillion won).

That’s a 20% uptick from the $ 12.8 billion it recorded in profit during the  [Read More…]

Pandora is being purchased by SiriusXM for $3.5 billion

The deal should be completed in Q1 2019.

Pandora, one of the oldest names in the music streaming market, is being purchased by SiriusXM for $ 3.5 billion in stock. The deal was announced on Monday, September 24, and SiriusXM expects that everything should be finalized around the first quarter of 2019.

According to CNBC, the acquisition includes a “go-shop” provision. With this, Pandora “may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer  [Read More…]

T-Mobile inks $3.5 billion deal with Nokia over 5G network equipment

T-Mobile starts laying the groundwork for its 5G network.

T-Mobile has announced that it is teaming up with Nokia to deploy its 5G network. The $ 3.5 billion deal will see Nokia provide T-Mobile with 5G equipment as well as software and services support. T-Mobile’s initial 5G push will include 30 cities, with work set to commence this year. The carrier is building its 5G network on 600MHz and 28GHz millimeter wave spectrum comliant with the 3GPP  [Read More…]

Alphabet Q2 2018 earnings: $32.7 billion revenue, $2.8 billion income despite massive EU fine

Strong growth continues for this already-massive company.

Alphabet has just released its Q2 2018 earnings report, showing another quarter of strong growth. The company had revenues of $ 32.7 billion for the quarter, which is up 26% year-over-year — extremely impressive for a company of this size. Operating income was just $ 2.8 billion, which is due in large part to the recent $ 5 billion fine from the European Union.

Google will be able to effectively  [Read More…]

Google defends Android following $5 billion fine from European Commission

The EC claims Google is too heavy-handed with its services on the OS.

Less than a week ago, a report claimed that the European Commission was in talks to fine Google for heavily pushing its software/services on Android. The EC has since made that news official and is charging Google €4.3 billion (around $ 5 billion USD).

Margrethe Vestager is one of the people leading this charge against Google, and according to her, Google’s acted illegally by  [Read More…]

Google might face a $2.82 billion fine for pushing its services on Android

The European Commission is behind this.

When you get a new Android phone, you probably don’t think too much about the Google Search widget on your home screen, Chrome being set as the default browser, or all of Google’s big apps pre-installed out of the box. However, the European Commission certainly has and is planning on fining Google billions of dollars for these actions.

According to a report this week from The Wall Street Journal, it’s expected  [Read More…]

Xiaomi IPO falls far short of $100 billion goal but it’s still worth a buttload of money

On Monday, Xiaomi joined the Hong Kong Hang Seng index with a $ 54 billion debut. This is far less than the estimated $ 100 billion number that was floated months ago, with it closing on Monday at HK$ 17 per share. Tuesday saw it rise up to HK$ 19 per share but still puts it at far less than the original Xiaomi IPO estimate.

However, $ 54 billion is nothing to sneeze at; it still positions Xiaomi as one of  [Read More…]