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Google said it has cut managers who oversee small teams by more than a third over the past year. Google is on a mission to reduce managers and other senior roles as it tries to be more efficient.
YouTube said on Wednesday it has reached a short-term extension with Fox to prevent disruption to YouTube TV subscribers as the companies continue to work on a new agreement.
Fox Corp. and YouTube TV reached a short-term extension Wednesday as they work toward a resolution of their carriage renewal negotiations. The current contract for the Fox broadcast network, Fox news and other linear channels had been set to expire Wednesday at 5 p.m. ET.
Fox channels could soon be pulled from YouTube TV if the two sides don't ink a new content use deal Wednesday, potentially leaving subscribers of the Google-owned streamer without Week 1 of some college football games and other content.
Fox channels could soon be pulled from YouTube TV if the two sides don't ink a new content use deal Wednesday, potentially leaving subscribers of the Google-owned streamer without Week 1 of some college football games and other content.
A Google executive told employees last week that in the past year the company has gotten rid of a third of its managers overseeing small teams. "We have to be more efficient as we scale up so we don't solve everything with headcount," Google CEO Sundar Pichai said at a town hall meeting.
Wall Street expects capital expenditures from four big tech companies to exceed $400 billion next year, but those numbers might be conservative, further fueling the debate over AI returns.
In my opinion, Alphabet faces unprecedented antitrust risk, with a likely remedies ruling that could force divestitures and end exclusive deals. A harsh regulatory outcome could cause a 15-25% stock drop, but would unlock hidden value, with breakup estimates exceeding current market cap by 85%. Current valuation is deeply discounted due to regulatory fears, creating a rare asymmetric upside for patient, risk-tolerant investors.
Federal District Judge Amit Mehta is expected to soon issue a ruling on remedies in Google's search antitrust case. Wall Street analysts have considered the upside if Google stopped shelling out billions and instead redirected that money into its Gemini AI and cloud.
It's hard to pick just one growth stock as the smartest to buy right now, but I think it's a worthy exercise for investors to go through. It helps determine what they value in a business and how confident they are in their pick.