CFOs On the Move: Week Ending January 17
Verily, HanesBrands, Nielsen Holdings, Vonage, Fundbox, Flowserve, Tilray, Virgin Media, Tampa General Hospital, Schmitt Industries
Google Fined for Market Abuse Over Ad Platform
The French competition regulator ordered the tech giant to clarify its “opaque and difficult to understand” rules.
Online Lending Platform Refines the Science of Underwriting
Upstart's loan securitizations are performing far better than Kroll, the leading credit rating agency for marketplace lenders, had expected.
Google to Buy Fitbit for $2.1B
The deal helps Google better compete in the wearables market dominated by Apple and Xiaomi.
NY to Lead Antitrust Investigation of Facebook
A coalition of states will probe Facebook's "dominance of [social networking] and the potential anticompetitive conduct stemming from that dominance.”
YouTube to Pay $170M Fine After Violating Children’s Privacy Law
Regulators said the site illegally collected personal information from kids and used that data to target them with ads.
Alphabet’s Q2 Results Ease Growth Concerns
“We’re delivering strong growth," CFO Ruth Porat says after Google's parent reports a 19% increase in revenue to $38.9 billion.
Google to Acquire Looker Data Sciences for $2.6B Cash
The deal will boost the company’s cloud-computing capabilities.
Don’t Break Up Big Tech Firms: Former Antitrust Regulator
Calls for regulating companies like Amazon, Facebook, and Google out of existence are misguided, says Canada's former competition commissioner.
The Other Side of the Network
Cybersecurity is starting to venture outside the firewall to focus on users and their devices.
Microsoft Workers Protest U.S. Army Contract
The workers' demand that Microsoft cancel a $480 million deal for AR headsets is the latest example of backlash from employees of tech giants.