Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.
The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.
Commissioners voted along party lines to revive the rules that declare broadband as a utility-like service that could be regulated like phones and water.
For years, federal lawmakers have tried to pass legislation to rein in the tech giants. The TikTok law was their first success.
ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay.
The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
Después de que Biden firme el proyecto de ley para forzar la venta de la aplicación o prohibirla, la legislación se enfrentará a desafíos judiciales, a la escasez de compradores y a la hostilidad del gobierno chino.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.