Federal judge rules Google’s advertising, search business broke antitrust laws
Mark Mahaney, senior managing director at Evercore ISI, discusses whether lower interest rates could benefit big tech stocks in Varney & Company. A federal judge ruled Monday that tech giant Google’s parent company, Alphabet, violated federal antitrust laws by cementing its dominant position in online search and advertising. The ruling by U.S. District Judge Amit […]
NBC breaks record in advertising sales as Paris Olympics ratings soar
While U.S. athletes slowly win Olympic gold medals, NBC is celebrating platinum advertising revenues. NBCUniversal announced Wednesday that advertising revenues for the Paris Summer Olympics set a new record for the company, surpassing the previous record of $1.25 billion generated by the last Olympics in Tokyo. The media giant declined to disclose how much advertising […]
Snapchat Refuses to Reinstate Donald Trump’s Account, ‘Shamelessly’ Asks Campaign to Buy Advertising
According to the Trump campaign, Snapchat has refused to reinstate the 45th President of the United States, Donald Trump’s account, despite inviting him to advertise on the social media platform. “Snapchat refused to reinstate President Trump’s account, but then shamelessly invited the Trump campaign to run ads on Snapchat,” the Trump campaign’s X/Twitter account announced […]
What is C Spire, the company that pulled Olympic advertising?
The “Outnumbered” panel discussed why the Olympics are facing intense backlash as critics accuse organizers of mocking Christianity with their drag queen depiction of “The Last Supper.” Opening ceremony Paris Olympics The show sparked controversy over a segment that parodied Leonardo da Vinci’s famous painting “The Last Supper” with drag queens, a transgender model and […]
Tech company pulls advertising after blasphemous opening ceremony
Airbnb CEO Brian Chesky showed off a room containing a real Olympic torch on “The Craman Countdown.” Ceremonies for the 2024 Olympic Games opened in Paris on Friday night, giving spectators a taste of French culture and blasphemous art, but they have outraged Christians around the world and led at least one sponsor to pull […]
Elon Musk threatens to sue major companies over ‘advertising boycott racket’
Billionaire Elon Musk on Thursday threatened legal action against a coalition of some of the world’s largest companies over an “ad boycott scam” that has contributed to a decline in revenue for his social media platform, X. Musk, who bought the company when it was known as Twitter for $44 billion in 2022, made the […]
Google loses bid to avoid trial in DOJ’s digital advertising antitrust case
A federal judge ruled Friday that internet search giant Alphabet Inc.’s Google must go on trial to answer claims by U.S. antitrust authorities that it illegally dominates the online advertising technology market. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google’s motion during a hearing, according to court records. Google had argued for victory […]
Google dodges jury trial over alleged advertising dominance
A federal judge ruled on Friday that Alphabet Inc.’s Google will not have a jury trial over the company’s monopoly in digital advertising because the company paid $2.3 million to cover U.S. government claims of damages. Google’s payment means it can avoid a jury trial because non-monetary claims in antitrust cases are heard directly by […]
CNN, Other Warner Bros. Discovery Networks See Advertising Plunge 11 Percent as Viewership Plummets
Viewers continue to leave CNN and other networks owned by Warner Bros. Discovery in droves, depressing advertising revenue and creating an unstoppable freedown for the cable TV industry. Warner Bros. Discovery’s TV ad revenue fell 11% in the most recent quarter, with the Hollywood media giant missing its revenue goals. The company’s stock price fell […]
Tesla Embraces Advertising amid Slowing EV Demand and Increased Competition
Elon Musk’s Tesla has made a major shift in advertising after years of aversion, recently starting to invest in paid media campaigns across a variety of platforms to boost sales and promote the idea that EVs are the future of transportation. This shows the company’s desperate stance in trying to convince the American public that […]