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Share Tweet Share Share Email The U.S. Department of Justice sought a second antitrust victory against Google on Monday, presenting its last defence that the firm unlawfully controlled online advertising technology. TakeAway Points: In an attempt to secure a second antitrust victory against Google, the U.S. Department of Justice presented its last defence on Monday, claiming that the firm unlawfully controlled online advertising technology. Google has argued prosecutors are bending U.S. antitrust law to force it to accommodate competitors’ services and that the case is focused on incidents from years past when Google was still building and improving its offerings Zoom had more profit and revenue than analysts had expected in the October quarter, and executives pushed up the company’s full-year forecast. US antitrust lawsuit against Google comes to an end The closing arguments in Alexandria, Virginia, cap a 15-day trial held in September where prosecutors sought to show Google monopolized markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit between buyers and sellers. “Google rigged the rules of the road,” said DOJ lawyer Aaron Teitelbaum, who asked the judge to hold Google accountable for anticompetitive conduct. Google has argued prosecutors are bending U.S. antitrust law to force it to accommodate competitors’ services, and that the case is focused on incidents from years past when Google was still building and improving its offerings. Publishers testified at trial that they could not switch away from Google, even when it rolled out features they disliked, since there was no other way to access the huge advertising demand within Google’s ad network. News Corp. in 2017 estimated losing at least $9 million in ad revenue that year if it had switched away, one witness said. If U.S. District Judge Leonie Brinkema finds that Google broke the law, she would consider prosecutors’ request to make Google at least sell off Google Ad Manager, a platform that includes the company’s publisher ad server and its ad exchange. Google offered to sell the ad exchange this year to end an EU antitrust investigation but European publishers rejected the proposal as insufficient, as reported in September. Analysts view the ad tech case as a smaller financial risk than the case where a judge ruled Google maintains an illegal monopoly in online search and where prosecutors have argued the company must be forced to sell its Chrome browser. Zoom surpasses expectations and calls for another quarter of single-digit growth Zoom shares were down 4% in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave quarterly guidance that was just slightly above expectations. According to LSEG consensus, Earnings per share : $1.38 adjusted vs. $1.31 expected, while revenue: $1.18 billion vs. $1.16 billion expected Zoom’s revenue grew about 4% year over year in the quarter, which ended on Oct. 31, according to a statement . Zoom has increased revenue in the single digits for two and a half years, a sharp departure from 2020 and 2021, when the COVID-19 pandemic led the business to triple in size. Net income, at $207.1 million, or 66 cents per share, was up from $141.2 million, or 45 cents per share, in the same quarter a year earlier. The company reported 192,400 enterprise customers in the quarter, up 800 customers from the previous quarter. With respect to guidance, Zoom called for $1.29 to $1.30 in fiscal fourth-quarter adjusted earnings per share on $1.175 billion to $1.180 billion in revenue. Analysts surveyed by LSEG were expecting $1.29 per share and $1.17 billion in revenue. Expectations for next year Zoom bumped up its view for the 2025 fiscal year. It expects $5.41 to $5.43 in adjusted earnings per share, with $4.656 billion to $4.661 billion in revenue. The middle of the revenue range implies about 3% growth. LSEG’s consensus was $5.35 per share on revenue of $4.64 billion. In August, Zoom said it was looking for $5.29 to $5.32 per share and revenue between $4.63 billion and $4.64 billion. During the quarter, Zoom said in the first half of 2025 it will release a premium custom AI companion that could connect to corporate glossaries and services such as ServiceNow and Workday. Zoom also started offering single-use webinar options, with room for up to one million attendees. As of Monday’s close, Zoom stock was up about 24% this year, while the S&P 500 index had gained 25%. The company also said its corporate name is changing from Zoom Video Communications to Zoom Communications Inc. “This change reflects our evolution into an AI-first work platform for human connection and our vision for long-term growth,” Zoom’s founder and CEO Eric Yuan said on a conference call with analysts. Related Items: Antitrust trial , Google , Online Ad , zoom Share Tweet Share Share Email Recommended for you Apple And Google May Face Competition Investigation In UK DOJ Demands That Google Discontinue The Chrome Browser DuckDuckGo Calls Google For Additional Investigation Into Tech Rule Compliance Comments
The Dublin Rape Crisis Centre (DRCC) has said it has had to allocate additional staff to its helpline to deal with a surge in the numbers seeking support following Nikita Hand’s successful civil case against mixed martial arts fighter Conor McGregor . It said calls to the 24-hour national rape crisis helpline almost doubled over the weekend and the number of first-time callers had increased by 50 per cent. On Friday a High Court jury awarded €248,603 damages to Ms Hand against Mr McGregor after finding she was assaulted by him in a Dublin hotel. Ms Hand had alleged, in her civil action for damages, she was raped by the mixed martial arts star in the Beacon hotel on December 9th, 2018. Mr McGregor had denied her claim. On Monday the fallout from the jury decision continued with calls for a boycott of Mr McGregor’s business interests. The developer of the Hitman video game series said it was removing content featuring Mr McGregor. IO Interactive said in a statement on social media: “In light of the recent court ruling regarding Conor McGregor, IO Interactive has made the decision to cease its collaboration with the athlete, effective immediately. “We take this matter very seriously and cannot ignore its implications. Consequently, we will begin removing all content featuring Mr McGregor from our storefronts starting today.” Mr McGregor entered the brewing business in recent years with a product called Forged Irish Stout which is sold in some off-licences, supermarkets and several pubs. Mr McGregor was also behind Proper No 12 Whiskey, which he sold in 2023. On Sunday the Rape Crisis Network Ireland (RCNI) urged retailers to stop selling Conor McGregor’s stout and whiskey products in the aftermath of the jury’s decision in the High Court. Clíona Saidléar, RCNI executive director, said companies making money from his alcohol and other products needed to look at whether they wanted to align themselves with a man found by a civil jury to have sexually assaulted a woman. Ms Saidléar said on Monday that she had not heard anything back from retailers on the issue. A number of industry sources maintained that while Forged Irish Stout was on sale in some pubs, it was not widely available. The Press Up Group, the country’s largest hospitality group, said it “never stocked any of Conor McGregor’s brands”. One Dublin off-licence operator said on Monday that his store would not be selling McGregor products again. Damien Martin of Martin’s off-licence in Marino, Dublin, said his store did not generally stock such products but had previously secured a case on request for a customer. He said in the aftermath of the court case last week, his store had no interest doing so in the future. Supermarkets Lidl and Aldi also said they did not sell any products owned by Conor McGregor. Supermarkets Supervalu and Tesco did not comment on whether they stocked products linked to Mr McGregor. The DRCC said that following the jury decision on Friday Ms Hand had urged women to “speak up, use your voice”. “Her call has been heard loud and clear, with a huge surge in people seeking support from Dublin Rape Crisis Centre over the past weekend.” The centre’s chief executive, Rachel Morrogh, said: “Our message to anyone who has experienced sexual violence and is considering picking up the phone is that you are one of many people for whom now feels like the right time to make contact. There are experienced counsellors on the line who will listen to you, believe you and support you in whatever way you need.” The DRCC 24-hour national helpline is 1800 778888. Martin Wall is the former Washington Correspondent of The Irish Times. He was previously industry correspondent
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