Bloomberg Quint: Google Takes New Policy Approach Amid Growing Global Threats. “Alphabet Inc.’s Google is reorganizing its approach to global policy, including the addition of resources to emerging markets, according to a person familiar with the moves, which come as the internet giant faces new threats and regulations around the world. In an internal email, the company’s new global policy chief, Karan Bhatia, described the reorganization as a reaction to policy makers who are increasingly empowered to regulate the company’s core businesses, said the person, who asked not to be identified discussing personnel decisions.”
Offshore Wind Journal: Alphabet’s X kite to take to the air off Norway. “Makani, which is now an independent business within Goolge parent company Alphabet, is to demonstrate its energy kite from a floating foundation. In a posting on the Medium website, Makani chief executive Fort Felker said that, after five years of development at X, Makani is now an independent company and is partnering with Shell to bring energy kites to the offshore environment.” Be sure to check the picture that comes with the article, because it’ll completely change what you think of when you think of the word kite.
City A.M.: Google beats estimates on revenue and profit, but shares fall on rising costs. “The tech giant reported net income of $8.9bn (£6.8bn), marking a turnaround from a $3bn loss in 2017 when it recorded a one-off tax charge of $9.9bn. This outperformed the average analyst prediction of $7.7bn, as collated by S&P Global Market Intelligence. Revenue during the busy holiday quarter rose 21.5 per cent to $39.3bn, beating estimates of $38.9bn.”
Sydney Morning Herald: Google board sued for hushing up misconduct claims about ‘father of Android’. “Alphabet Inc.’s board of directors was sued by a shareholder for ‘quietly’ approving a $US90 million ($125 million) exit payment to the father of Android, Andy Rubin, and protecting other executives accused of sexual harassment.”
Reuters: Google to spend $1 billion on new campus in New York. “Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.”
Bloomberg: Alphabet Chairman Struggles With Google CEO’s China Strategy. “Alphabet Inc. Chairman John Hennessy is unsure about a banner strategy of the company’s most-important executive. Hennessy said he’s not confident Google will be better off bringing a censored search engine to China — a key goal of Google Chief Executive Officer Sundar Pichai.”
Business Insider Australia: It’s become increasingly clear that Alphabet, Google’s parent company, needs new leadership. “When they walked out of their jobs by the thousands on Thursday, Google employees did more than bring attention to the company’s handling of sexual harassment allegations. They put an intense public spotlight on the acute shortcomings of the company’s top brass.”