The ruling paves the way for a second trial to determine appropriate remedies, which could include drastic measures such as breaking up Google’s parent company, Alphabet
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Originally founded in Israel, Wiz is headquartered in New York and specialises in cloud-based cybersecurity solutions that utilise artificial intelligence for real-time threat detection and response
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The Google parent’s generated sales, excluding partner payouts stood at USD 67.6 billion for the three months that ended on 31 March 2024, surpassing the USD 66.1 billion expected on average by analysts
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The growth in tech shares helped alleviate investor concerns that had been sparked by a weaker forecast from Meta Platforms earlier in the week
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During the Q1 earnings call, Alphabet reported a robust financial performance, surpassing analyst expectations with a total revenue of USD 80.54 billion against forecasts of USD 78.59 billion
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