Government pressure to improve moderation of user-created content has forced Google to hire more analysts. YouTube, a Google-owned streaming service, has increased spending on video content to keep consumers from shifting to offerings from Netflix Inc and expanding media conglomerates such as AT&T Inc. … [Read more...] about Alphabet Trounces Profit Estimates As Google Reins In Costs
Internship Opportunity at GNLU’s Centre for Sports and Entertainment Law … [Read more...] about Internship Opportunity At Alphabet Legal
CFO Ruth Porat sought to defuse some concerns by pointing to unfavorable currency conditions overseas as the dollar remains relatively strong. "We expect to continue to see headwinds to our revenues and operating income again in the second quarter," due to currency impacts, she said on a call with analysts. … [Read more...] about Google parent Alphabet’s stock tumbles on slow advertising growth
Debt service on COFINA bonds is payable from a statutorily assigned portion of the sales tax or of any substitute tax such as the VAT. The statutorily assigned taxes should be sufficient to pay full debt service on the COFINA bonds for the foreseeable future. Puerto Rico case law as well as a series of Puerto Rico Attorney General opinions support the validity of such an assignment. Much of the outstanding g.o. debt has been issued and/or purchased with full awareness by the g.o. bondholders that the relevant portion of the sales tax has been assigned to COFINA and its bondholders. Similar assignments of specified tax revenues to independent bond-issuing authorities have been upheld in other jurisdictions. The complaint allegedly ready on someone’s shelf seeking an adjudication that the COFINA structure is a legal sham or that the assigned sales tax revenues remain “available resources” for the payment of g.o. debt service may be … [Read more...] about Can Alphabet Soup Fix Puerto Rico’s Debt Service Issues?
Alphabet said on Monday first-quarter net income rose to $9.4 billion (£6.75 billion) or $13.33 per Class A and B common share and Class C capital share, from $5.43 billion or $7.73 per share a year earlier. … [Read more...] about Alphabet’s profit jumps 73 percent in first quarter