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Topic: Alphabet Inc
Ad sales, which make up the bulk of sales at the Google parent, were $29.9 billion in the second quarter, down 8.1% from the same period last year.
Apart from these 3 and Amazon, the rest of the US market is billions of dollars away from trillion-dollar valuations, showing that tech & internet stocks are the biggest titans of Wall Street.
The founders, Larry Page and Sergey Brin, each own about 6% of the internet giant and still control Alphabet through special voting shares.
Sundar Pichai, the new CEO of Alphabet, has essentially been running the company for several years now.
It remains to be seen whether Sundar Pichai, as Alphabet CEO, can deal with the social and economic politics as well as the company's current broken structure.
Sundar Pichai will now also lead Alphabet’s array of expensive, futuristic endeavours, such as autonomous cars and new health-care technology.
Google's data has helped advertisers avoid displaying ads alongside content they don’t deem suitable for their brands, drawing criticism for possibly violating user privacy.
The changes are supposed to reward videos that are more palatable to advertisers and public, and help YouTube ward off criticism on content.
Google Stadia lets developers build new games on a streaming platform that will allow players to access the action through the web.
Search & AI veteran Prabhakar Raghavan will take over as Google’s top advertising executive from Sridhar Ramaswamy on Friday.
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