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Google’s Parent Company ‘Alphabet’ Stock Down 7% Over Slow Ad Growth

Alphabet had 103,549 employees in the first quarter of 2019 — up from 85,050 employees in the same period a year ago

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FILE - The Google logo is seen at a start-up campus in Paris, France, Feb. 15, 2018. VOA

Alphabet, Google’s parent company, saw its stock tumbling 7 per cent after the company suggested that recent ad product changes in YouTube and Search are hurting its top-line growth.

Alphabet reported a revenue of $36.33 billion as profits fell 29 per cent to $6.66 billion, or $9.50 per share, in the first quarter of 2019 on Monday.

The profit was affected by a $1.7 billion fine levied by the European Union on Google for violating the European competition law.

“We delivered robust growth led by mobile search, YouTube and Cloud with Alphabet revenues of $36.3 billion, up 17 per cent versus last year, or 19 per cent on a constant currency basis,” Ruth Porat, Chief Financial Officer of Alphabet and Google, said in a statement.

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“We remain focused on, and excited by, the significant growth opportunities across our businesses,” Porat added.

Later, in an earnings call with analysts, she suggested that recent ad product changes – keeping the interest of users’ privacy in mind — have slowed down mobile clicks on YouTube ads.

The company’s hardware and Cloud businesses saw a 25 per cent increase to $5.45 billion.

Alphabet had 103,549 employees in the first quarter of 2019 — up from 85,050 employees in the same period a year ago. (IANS)

Next Story

New Google Pixel 4 Face Unlock Works even if Eyes are Closed

Google claims that the Pixel 4 Face Unlock meets the security requirements as a strong biometric and it is one of the most secure face unlock solutions

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The US based search engine giant was so sure about its Face Unlock's security that the company had removed all the fingerprint sensors from the Pixel 4 handsets. Pixabay

 Google has recently launched its latest Google Pixel 4 series smartphones with face unlock for biometric authentication in New York. But this feature comes with a major flaw, as it could unlock the phone even if users were not looking at it.

According to BBC reporter Chris Fox, the face unlock mechanism works even when the device owner has his eyes shut. He tried this with different users and the same thing happened.

“The Pixel 4 facial recognition works even if you’re asleep/dead. That seems problematic #madebygoogle #pixel4,” Chris tweeted along with a video.

The US based search engine giant was so sure about its Face Unlock’s security that the company had removed all the fingerprint sensors from the Pixel 4 handsets.

Google seems to be aware of the problem, stating on a Pixel 4 help page that: “Your phone can also be unlocked by someone else if it’s held up to your face, even if your eyes are closed. Keep your phone in a safe place, like your front pocket or handbag.”

Google Pixel 4
The Google Pixel 4 comes with a starting price tag of $799 and Pixel 4 XL for $899. The phones will ship globally from October 24 (Representatinal Image). Pixabay

Google claims that the Pixel 4 Face Unlock meets the security requirements as a strong biometric and it is one of the most secure face unlock solutions.

The Google Pixel 4 comes with a starting price tag of $799 and Pixel 4 XL for $899. The phones will ship globally from October 24.

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In terms of specifications, Pixel 4 features a 5.7-inch Full HD+ Smooth 90Hz display. The Pixel 4 XL, on the other hand, comes with a 6.3-inch Quad HD+ Smooth 90Hz display.

Both the devices are powered by Qualcomm Snapdragon 855 chipset. (IANS)