Google to shut gaming service Stadia in latest cost-cutting effort

Google is shuttering its digital gaming service Stadia, the latest ambitious project to get cut as the company looks to shed costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users that we expected,” wrote Phil Harrison, a Google vice president, in a … Read more

Buy this FAANG stock on the dip; it is a secular winner.

Tech stocks have had a difficult year so far — and the tech-heavy Nasdaq Composite is on track to notch its third straight quarter of losses this week. Investors may be fleeing the sector in droves, but Barton Crockett, senior research analyst at Rosenblatt Securities, said the sell-off is an opportunity for long-term investors to … Read more

This Big Tech FAANG stock looks ‘very attractive,’ asset manager says

One Big Tech stock looks “very attractive” in the medium term, according to Neil Veitch, investment director at SVM Asset Management. That’s Alphabet , a firm he says is his favorite of the FAANG stocks — a grouping which includes Facebook-parent Meta , Amazon , Apple , Netflix and Google-parent Alphabet . “[Alphabet has] all … Read more

Tech stocks notch worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it … Read more

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more

Here’s Bret Taylor’s first big technical move at Salesforce as co-CEO

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the annual Dreamforce conference for the … Read more