Google CEO Sundar Pichai will stay in his role and also become CEO of Alphabet Inc.
Project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University, according to a Wall Street Journal report.
Fitbit is a pioneer in wearable technology, but it's been shredded by the competition. The company's market capitalisation soared to just under $10 billion after becoming a public company in 2015.
Attorneys general from 48 US states along with Puerto Rico and the District of Columbia are investigating whether Google's huge online search and advertising business is engaging in monopolistic behavior.
Regulation of multinational digital platforms aimed at ensuring fair deals for other media businesses and more control for individuals over how their data is used.
As fears grow over the power of tech-giants, the US government has announced an investigation over whether they engaged in anti-competitive practices.
Huawei's founder Ren Zhengfei said the company's 's 5G plans would not be affected and predicted that no other parties would be able to catch up with the company in 5G technology in the next 2-3 years.
Amazon said it would close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals.
Tiktok has already been banned in neighbouring Bangladesh and hit with an enormous fine in the United States for illegally collecting information from children.
EU antitrust regulators have slapped Google’s Alphabet with a $1.69 billion fine for blocking rival online search advertisers. This makes it the company’s third penalty in two years.
The European Commission said Google, a division of Alphabet, had prevented third parties using its AdSense advertising service from displaying search advertisements from Google's competitors.
The probe follows a complaint that Alphabet Inc’s Google unit had “abused its dominant position and made the efforts of other companies difficult.
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