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Google posts record profit amid regulatory crackdown – Top Tech News

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Google posts record profit amid regulatory crackdown  

Google may be facing regulatory crackdown and anti-trust actions in several countries but its adverse impact have barely shown up in its latest quarterly earnings. Google’s parent company Alphabet INC reported during the third quarter earning call that its profit has jumped to $18.9 Bn while its revenue has climbed to $65.1 Bn. The booming Google ad business has surely helped the internet behemoth to clock record breaking number in the third quarter. The good third quarter numbers has reiterated Google’s invincible position and domination in internet ad business (Click here)


TikTok to US Law makers: We don’t pass on any information to Chinese government   


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On Tuesday TikTok faced barrage of tough questions during its first congressional hearing in the U.S. TikTok’s executive Michael Beckerman made it amply clear to the U.S. lawmakers that despite all the conspiracy theories that American TikTok division does not share any information with Chinese government. Owing to strained relation between U.S. and China, TikTok’s strong Chinese connection has always been a contentious issue in the U.S (Click here)


Alibaba lost $344 Bn in Shareholder value – the world’s biggest wipeout

Alibaba lost $344 Bn in market capitalization since Chinese authorities began crackdown on Jack Ma’s flourishing empire. This crackdown, which began in the fag end of 2020, has caused biggest wipe out in company’s shareholder value. Bloomberg’s report claims that no other company till date has ever reported such a colossal drop in its market value. Alibaba’s fortunate changed when Jack Ma was found bluntly criticizing the Chinese government on a public platform (Click here)           


Adobe to launch IPad Version of Photoshop  

Adobe Sign
Adobe Sign

Adobe has confirmed in it annual max conference that it is all set to launch a new version of photoshop that will be exclusively customized for Apple’s iPad. This iPad version of photoshop is coming with RAW image support including ProRaw images shot on iPhone 12 and iPhone 13 models (Click here)


Pokemon Go creators launch a new mobile game called ‘Pikmin Bloom”

AR  video games studio Niantic has just launched its new mobile game called ‘Pikmin Bloom.’ Niantic is expecting that Pikmin Bloom will replicate the success of its earlier game Pokemon Go. Launched in 2016, Pokemon Go went on to become a cultural phenomena (Click here)

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