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☆ I toured the world's first Airbus A321XLR business class. The lie-flat seats lack one popular feature — but are easy to love anyway.
▼ + stars: | 2024-11-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

AdvertisementIberia launched the first long-haul Airbus A321XLR flight from Madrid to Boston on November 14. It's the world's first example of lie-flat business class on the highly anticipated new jet. The seats don't have a door or an extra-large front row, but I don't think either is necessary. Spanish flag carrier Iberia launched the first long-haul Airbus A321XLR flight on November 14, flying seven hours from Madrid to Boston. Because the A321XLR will likely fly long-haul, many airlines plan to fit them with lie-flat business class to optimize comfort and choice.

Organizations: Airbus, Iberia, Singapore, Business, A321XLR, JetBlue Airways ' Mint Locations: Iberia, Madrid, Boston, Spanish

Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.

Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times

☆ Forget Nvidia. This is the biggest tech earnings mover of the day and Goldman sees 70% upside
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.

Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake

☆ The DOJ wants Google to sell its Chrome browser. Here are the winners and losers if that happens.
▼ + stars: | 2024-11-21 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.

Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg

☆ CHART: How Nvidia's revenue has exploded in recent years
▼ + stars: | 2024-11-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

AdvertisementNvidia's revenue surged 94% year-over-year last quarter, driven by solid demand for its GPU chips. The historic growth is expected to continue, with analysts estimating more than $200 billion in revenue next year. The company reported revenue of $35.08 billion in the quarter, representing a 94% year-over-year surge and a 492% increase from its third quarter in fiscal year 2023. The massive breakout in Nvidia's revenue growth occurred shortly after OpenAi introduced ChatGPT in November 2022, which was during the fourth quarter of its fiscal year 2023. If Nvidia can meet Wall Street's lofty growth expectations going forward, its stock price could extend its historic run.

Persons: Goldman Sachs, OpenAi, Hopper Organizations: Microsoft, Nvidia, Blackwell

☆ How export finance is taking businesses from local to global
▼ + stars: | 2024-11-21 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +6 min

UK Export Finance's support helps UK businesses tap into global market opportunities. Small businesses like Premier Ship Models can get guarantees to help them access working capital and free guidance on the export finance options available. UK Export Finance (UKEF), the UK government's export credit agency, supports UK businesses to win contracts to export abroad by providing attractive financing terms for buyers, and fulfill those contracts with the help of working capital and trade finance. Since 2020, UKEF has steadily increased its support for small businesses, with more than half of the businesses it assists being small businesses. UKEF can support small businesses through its network of regional Export Finance Managers based around the UK who can provide free and impartial consultations to businesses on their export finance needs.

Persons: UKEF, Tim Reid, Rashid Lalloo, Lalloo, Craig Green, Mike Swift, Reid, — Organizations: Export, UK Export Finance, Models, Export Finance, Premier Ship Models, General Export Facility, Insider Studios Locations: New York, UKEF, Mauritius, Oman, Hong Kong, London

☆ Why prioritizing employee wellbeing is a strategic business investment
▼ + stars: | 2024-11-21 | by ( ) www.businessinsider.com time to read: +6 min

Employers know that prioritizing employee wellbeing is the right thing to do, but there are also business benefits. Indeed Introduces the 2024 Work Wellbeing 100, ranking the Top Publicly-Traded Companies for Work Wellbeing in the US. Oxford recently analyzed Indeed's work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. Indeed's 2024 Global Work Wellbeing Report findings revealed that higher levels of employee wellbeing are associated with improved firm valuation, return on assets, and gross profits. Indeed reinforced the business case for work wellbeing by launching the Work Wellbeing 100, an index ranking the top 100 publicly traded companies based on their Indeed Work Wellbeing Score.

Persons: Russell, — LaFawn Davis, Davis Organizations: Oxford, Nasdaq, Forrester Research, Insider Studios Locations: Oxford, millennials

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ LeBron James says he will have a break from social media after citing ‘negative takes’
▼ + stars: | 2024-11-21 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —LeBron James announced on Wednesday that he’s taking a break from social media. The Los Angeles Lakers star made the announcement on his X, formerly known as Twitter, and Instagram accounts, writing: “Getting off social media for the time being. “When the platform is so big, you can make the change and allow us all an escape from real life negativity. Knecht scored a career-high 37 points in the Lakers’ 124-118 win over the Utah Jazz on Tuesday, tying the NBA rookie record of nine three-pointers in a single game. It is unclear when James will return to social media.

Persons: LeBron James, ”, James, Rich Kleiman, Kevin Durant’s, ” Kleiman, Dalton Knecht’s, Knecht, he’s Organizations: CNN, Los Angeles Lakers, Twitter, Tennessee, Lakers, Utah Jazz, NBA

☆ Demand for Nvidia products isn't letting up, Jim Cramer says
▼ + stars: | 2024-11-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday reiterated his longstanding belief in Nvidia and CEO Jensen Huang, saying that despite the concerns of some on Wall Street, demand for the artificial intelligence behemoth's products isn't slowing down. Nvidia posted earnings Wednesday that comfortably topped estimates. Nvidia has had a meteoric rise, with shares currently up more than 196% year-to-date, and the company has posted large earnings beats quarter after quarter. According to Cramer, supply isn't set to outpace demand. Some of Nvidia's biggest customers, like Microsoft , Meta , Amazon and Tesla will have to keep buying the products, he said.

Persons: CNBC's Jim Cramer, Jensen Huang, Jensen, Cramer Organizations: Nvidia, Nvidia's, Microsoft, Meta

☆ U.S. Defense Firms Are Warned About Russia’s Sabotage Campaign
▼ + stars: | 2024-11-21 | by ( Julian E. Barnes | More About Julian E. Barnes | ) www.nytimes.com time to read: +1 min

“Those involved in work tied to Ukraine or other geopolitical conflicts should be cautious about disclosing work, travel, personal and family information online,” the warning said. So far all of Russia’s known sabotage attacks have taken place in Europe, although Russian intelligence has targeted many countries, including Britain, France, Germany, Lithuania and beyond. But some officials believe that Russia wants to expand its sabotage campaign to the United States, particularly if the Biden administration in its closing weeks continues to support Ukraine in its war against Russia or takes steps that Russia sees as escalatory. A small fire at the Scranton Army Ammunition Plant in Pennsylvania in September, and another incident at the same site in April, set off concerns that Russia had extended its campaign to the United States. But officials believe those fires were an accident, not sabotage.

Persons: “, Biden Organizations: Scranton Army, Plant Locations: Ukraine, Russia, United States, Europe, Britain, France, Germany, Lithuania, Scranton, Pennsylvania

☆ Investor who bought Kanye's Malibu home makes lowball offer for Diddy's 'Freak Off' mansion
▼ + stars: | 2024-11-21 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementThere's been a $30 million offer on Sean Combs' Los Angeles mansion. The lowball offer comes from the same real estate investor who purchased Kanye West's Malibu house. AdvertisementThe mansion is in one of Los Angeles' richest neighborhoods, known for its proximity to Beverly Hills and large lots. Luxury real estate in Los Angeles is currently experiencing a major slump, Beverly Hills agent Rochelle Atlas Maize told BI. Maize, who was personally shopping for homes in Los Angeles at the time, said she wouldn't step foot near it.

Persons: Sean Combs, Sean, Diddy, Combs, Bo Belmont, Shou Zi Chew, Belmont, Rochelle Atlas, Belwood, starchitect Tadao Ando, Menendez, Ryan Murphy's, it's, It's Organizations: feds, Kanye, Belwood Investments, Business, Beverly, Rochelle Atlas Maize, Ryan Murphy's Netflix Locations: Los Angeles, Los, Singapore, Beverly Hills, Rochelle, Malibu, Beverly Flats

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ A tiny Italian village wants to fast-track Americans unhappy with the election into buying an entire home for 1 euro
▼ + stars: | 2024-11-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementA small town in Italy is offering homes for 1 euro to attract Americans amid the recent election cycle. Ollolai's initiative is part of Italy's broader "Case a 1 euro" program started in the 2010s. There is also an option for digital nomads to work there for a month for only 1 euro. Ollolai started offering 1-euro homes in 2018, but other towns, like Sicilian commune Gangi, started giving away vacant houses in 2015. But if you don't want to commit fully to moving across the ocean, a redirect from the Ollolai website luring potential buyers offers an option for digital nomads.

Persons: Ollolai, Francesco Columbu, Columbo, Donald Trump, Ollolai isn't Organizations: Italian National Institute of Statistics, Business, CNN Locations: Italy, Sardinia, Italian, Europe

☆ Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism
▼ + stars: | 2024-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024. Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence. "I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York. Crony capitalism is an economic system marked by close, mutually advantageous relationships between business leaders and government officials. At the same event, Griffin also said that he's not focused on taking Citadel Securities public in the foreseeable future.

Persons: Ken Griffin, Donald Trump, Griffin, Trump, he's, We're Organizations: Citadel Advisors, Economic, of New, Citadel, Citadel Securities Locations: of New York, New York, America, Washington

☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

☆ Biden is scrambling to change the war in Ukraine before Trump takes over
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementJoe Biden is taking last-minute measures to support Ukraine before leaving things to Donald Trump. He finally let Ukraine use US missiles to strike inside Russia and approved anti-personnel mines. These moves appear aimed at changing the war before Trump — who seems to want most to end the conflict as soon as possible — takes office. Biden, whose administration has sent billions of dollars in weaponry to Ukraine, recently lifted long-held restrictions on Kyiv's use of American-made longer-range missiles to strike targets inside Russia. And during a press briefing that same day, State Department spokesperson Matthew Miller said the Biden administration moved to forgive about $4.7 billion in US loans to Ukraine.

Persons: Joe Biden, Donald Trump, Donald Trump's, Trump, Biden, Diego Herrera Carcedo, Antony Blinken, Matthew Miller, Mick Ryan, They've, Volodymyr Zelenskyy, Ukraine's, Abrams, Mark Temnycky, Ben Friedman, Zelenskyy, Oleg Petrasiuk, Ryan, hasn't, JD Vance, Shawn Ryan, Abishur Prakash, Putin, Prakash Organizations: White, Army Tactical Missile Systems, Shadow, Brigade, Getty, State, Australian Army, White House, Washington Post, Washington, Council's Eurasia Center, Defense, 24th Mechanised Brigade, AP Ryan, Trump, Anadolu, Kyiv Locations: Ukraine, Russia, Russia's, Bryansk, Soviet, Ukraine's Donetsk, Anadolu, Russia's Kursk, Chasiv Yar, Australian, Western, Russian, Toretsk, Donetsk, Mar, Lago , Florida, Toronto, Canada, British, Ukrainian, Dnipro, Europe

☆ Meet 16 startups taking AI innovation to the next level with Twilio
▼ + stars: | 2024-11-21 | by ( Sponsored Twilio | ) www.businessinsider.com time to read: +8 min

These honorees showcase how AI-powered solutions married with Twilio can solve business challenges and revolutionize customer interactions across diverse industries and regions. AlpharunAlpharunAlpharun is an AI phone interview platform that accelerates screening for high-volume hiring teams by integrating Twilio's messaging, voice, IVR, and SIP Trunking. By integrating products like SMS, Voice, IVR, and 2FA, they ensure seamless, secure, multi-channel support that moves beyond static chatbots. Utilizing Twilio's SIP Trunking, IVR, and Voice APIs, their conversational AI encourages screenings. GoodCall boosts productivity and streamlines customer interactions, using Twilio's SMS, Voice, IVR, Email, and security tools to enhance multi-channel communication and reliability.

Persons: Twilio, Alice, Jordan, Alpharun, Althea, Althea Health Althea Health, Elythea, GAIL LULA, GAIL, Olivia, Storii, Symbl.ai Organizations: Trunking, Althea Health, Voice, Inc, Financial Services, meiti, GmbH, SMS, Insider Studios Locations: North America, America

☆ Desi Lydic Says Trump is ‘Picking Mascots,’ Not Leaders
▼ + stars: | 2024-11-21 | by ( Trish Bendix | ) www.nytimes.com time to read: +1 min

“So far, he’s made a number of cabinet picks whose main qualification seems to be being on TV. His defense secretary is a guy from ‘Fox & Friends,’ his transportation secretary is a guy from Fox Business, and his attorney general is a guy who I’m pretty sure was on ‘To Catch a Predator.’” — DESI LYDIC“Wow, another daytime television guy. It’s like his whole cabinet was selected by a kid who was home sick with the flu.” — SETH MEYERS“But is someone going to tell him that this isn’t actually a doctor’s job? Jr.” — DESI LYDIC“There’s not going to be a layer of competent workers at some point. Because Donald Trump isn’t really picking leaders of agencies — he’s just picking mascots.” — DESI LYDIC

Persons: he’s, ”, ” — SETH MEYERS, Oz doesn’t, Oz’s, There’s, It’s, Donald Trump isn’t, —, DESI LYDIC Organizations: Fox & Friends, Fox Business

☆ Opinion | How Hostility to Immigrants Will Hurt America’s Tech Sector
▼ + stars: | 2024-11-21 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Will business prosper under a second Donald Trump presidency? Trump’s obsessions with tariffs and immigration go way back, and he probably won’t respond well if people ridicule him for not delivering on his signature policy ideas. If he does not moderate his policies, the damage will be considerable — bigger than even pessimists realize. Hostility to immigrants won’t just create labor shortages for many grueling manual jobs that native-born Americans are reluctant to do. As you may know, Trump has declared his intention to declare a national emergency and deploy the military to help round up huge numbers of undocumented immigrants, initially placing them in what Stephen Miller, one of his top immigration advisers, has called “vast holding facilities.”

Persons: Donald Trump, won’t, Trump, Stephen Miller

☆ How illegal steroids actually work, according to a former smuggler
▼ + stars: | 2024-11-21 | by ( Kyle Desiderio | Nazar Risafi | ) www.businessinsider.com time to read: +1 min

Chet Sandhu is a former smuggler. He estimates that he trafficked over $50 million worth of illegal steroids. He was arrested during a smuggling run and sentenced to 4 ½ years in the Fontcalent correctional facility in Alicante, Spain, one of Europe's most infamous prisons. He highlights the harsh prison sentences imposed in some countries and advocates for steroid use to be handled as a medical issue. Since his release from prison, Sandhu has written two books, "From King of Karachi to Lockdown in the Costa Del Crime" and "Self-Made, Dues Paid."

Persons: Chet Sandhu, Sandhu Organizations: Lockdown, Costa Locations: Karachi, Pakistan, Netherlands, France, Spain, United Kingdom, Alicante, King

☆ Bribery Charges Against Gautam Adani Strike at Heart of Modi’s India
▼ + stars: | 2024-11-21 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

His conglomerate, Adani Group, builds and buys ports, factories and power plants, often under state contract or license. Mr. Adani’s business empire has become central to India during the rise of Narendra Modi, first elected as prime minister in 2014. As Mr. Modi brought India to the center of the world stage, he brought Mr. Adani in tow. Today, Mr. Adani’s flagship company is worth about 10 times more than it was at the start of the Covid-19 pandemic. On Wednesday, the U.S. government charged Mr. Adani, one of the world’s richest people, with multiple counts of fraud.

Persons: Gautam Adani, Narendra Modi, Modi, Adani Organizations: Adani, Wall Locations: India, U.S

☆ Trump taps Pam Bondi for attorney general after Matt Gaetz withdrew from consideration
▼ + stars: | 2024-11-21 | by ( Kelsey Vlamis | Lloyd Lee | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump nominated Pam Bondi for attorney general on ThursdayTrump said he wants to refocus the Department of Justice on crime and safety. Matt Gaetz withdrew from consideration for the role earlier on Thursday. President-elect Donald Trump announced Thursday he would nominate Pam Bondi, former attorney general of Florida, for attorney general after his first pick withdrew from consideration. "Pam will refocus the DOJ to its intended purpose of fighting Crime, and Making America Safe Again." AdvertisementTrump chose Bondi, a longtime Trump ally who served as Florida's attorney general from 2011 to 2019, after former congressman Matt Gaetz withdrew from consideration for the role earlier on Thursday.

Persons: Trump, Pam Bondi, Thursday Trump, Matt Gaetz, Donald Trump, Pam Organizations: Thursday, of Justice, Truth Social, DOJ, Bondi, Trump, Business Locations: Florida

☆ Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach
▼ + stars: | 2024-11-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementOpenAI shifted away from being a nonprofit to attract more capital, says CEO Sam Altman. OpenAI needed more funding to scale its AI research efforts, he said in a recent interview. OpenAI's $6.6 billion funding round came with some strings attached: it has 2 years to become a for-profit entity. Altman said that scaling its AI models was a major factor in OpenAI's eventual move toward a profit system. Scaling AI models and providing the data centers and chips necessary to train them to be smarter than the previous interaction is highly expensive.

Persons: OpenAI, Sam Altman, Elon Musk, Altman, OpenAI's, — Organizations: Harvard Business School, Harvard

☆ Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out.
▼ + stars: | 2024-11-21 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The US government's lawyers said Google should be banned from offering "anything of value for any form" of search distribution. For instance, if most people click on the third result for a particular query, Google's search engine will likely adjust and rank that result higher in the future. They know that the search business is mainly about distribution, and Google may not be able to do this now. "We believe Google's default search placements via contractual agreements represent 50%+ of Google's US search queries," he estimated on Thursday. If half of Google's search queries go away, that could threaten the self-reinforcing cycle of user click data improving its results.

Persons: Mark Mahaney, —, Kent Walker Organizations: DOJ, Google, US Department of Justice, Chrome, US, Apple Locations: Google's

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