Tag Archives: googl

Google Created Army Of ‘Accidental Pirates,’ Getty Images Says

Alphabet ( GOOGL )-owned Google has created a surge of “accidental pirates” through its image search function, says a complaint filed by photography company Getty Images to the European Union’s antitrust commission, charges adding to Google’s woes in the region. In its complaint, Getty Images accuses Google of copying, or “scraping,” images from third-party websites. That makes images easy to download, Getty said, and in the process, Google has created an army of digital scofflaws who don’t realize they’re infringing copyright protections by downloading and using protected images. In its complaint to the European Union’s antitrust commission, Getty says the Google Images service — which displays full-screen slideshows of high-resolution copyrighted images — has hurt Getty’s licensing business, as well as content creators worldwide, by siphoning traffic and profits from photographers. Google introduced this image feature in January 2013. Previously, the search engine only displayed tiny thumbnails of images that clicked-through to source sites. “Because image consumption is immediate, once an image is displayed in high-resolution, large format, there is little impetus to view the image on the original source site,” Getty Images said  in a statement this week. “These changes have allowed Google to reinforce its role as the Internet’s dominant search engine, maintaining monopoly over site traffic, engagement data and advertising spend. This has also promoted piracy, resulting in widespread copyright infringement, turning users into accidental pirates.” “Getty Images represents over 200,000 photojournalists, content creators and artists around the world who rely on us to protect their ability to be compensated for their work,” Yoko Miyashita, Getty Images’ general counsel, said in the statement. “Google’s behavior is adversely affecting not only our contributors, but the lives and livelihoods of artists around the word, present and future.” Google Has Said Image Search Helps Source Sites Get Clicks Google declined to comment to IBD. In 2013, however, Google did comment on this issue  to website Search Engine Land. At that time, a Google spokesperson said that even with the image search changes, “actual click-through rates to webmaster pages, i.e. real traffic, is up 25%, so real visits are up. As you know, we doubled the way users can reach the host website.” Getty said its complaint Wednesday “follows on from Getty Images’ submission in June 2015, when it joined as an interested third party in support of the European Commission’s existing investigation into Google’s anti-competitive business practices.” The latest legal action heaps new issues onto the search giant’s ongoing legal battles in Europe. Getty’s complaint comes just days after the EU’s antitrust commission charged Google with using unfair practices  to promote its own services on Android devices. The Wall Street Journal quoted  EU competition chief Margrethe Vestager as saying the commission was focused on Google’s demand that smartphone makers and mobile carriers using Android load Google apps on their devices if they offer any of the company’s services — including search — on their phones. Google’s contract requires phone makers to pre-install a folder of 11 apps within one click of the home screen. Vestager expressed concern that Google was shutting out rival app developers with the contracts because they prevent consumers from deciding for themselves which apps to download. Google has said that consumers do have the last word about which apps they want to use on their devices, according to the WSJ. Google has also been accused of distorting search results in favor of its own shopping comparison services. Google Senior Vice President Kent Walker said in a blog post last year that the commission’s conclusions on the shopping allegations were “wrong as a matter of fact, law and economics.” Alphabet stock was down 1% in afternoon trading in the stock market today , near 713. A lower close would mark the stock’s third straight day of decline.

How Facebook Reached A Blowout Quarter And Why It Will Continue

Analysts raised their price targets and heaped praise on Faceboo k ( FB ) following its first-quarter earnings report after the close Wednesday that exceeded all expectations. Among stats analysts pointed to was booming growth in mobile advertising. Mobile accounted for 82% of ad revenue at Facebook, up from 80% in Q4 and up from 73% in Q1 2015. During a tough earnings season for tech companies like Apple ( AAPL ), Alphabet ( GOOGL ), and Twitter ( TWTR ), Facebook stood out from the pack. The social-networking leader’s Q1 revenue jumped 52% year over year to $5.38 billion. Earnings per share minus items surged 83% to 77 cents. Growth in the top and bottom lines accelerated for the third consecutive quarter. “Ad growth remains explosive,” wrote Nomura analyst Anthony DiClemente, who raised his price target to 145 from 135. Facebook stock was up 8.5%, near 118, in afternoon trading in the stock market today , and earlier hit a new all-time high above 120. With robust results across all major advertising platforms, Facebook now has 3 million active advertisers, up from 2.5 million in its last update, and has 200,000 on Instagram. Facebook Has ‘Many Growth Levers Left To Pull’ RBC Capital Markets analyst Mark Mahaney raised his price target to 165 from 160. “Facebook continues to generate very high and very profitable growth, an extremely rare combination,” Mahaney wrote. “And we see in Facebook plenty of strong, secular platform growth ahead, with many growth levers left to pull.” Monthly active users at Faceboook grew 15% year over year to 1.65 billion, the fastest growth rate in two years and accelerating from 14% growth in Q4. “This overall growth rate remains impressive, given Facebook’s massive size,” Mahaney wrote. He noted Facebook’s 1.65 billion users do not include Instagram’s 400 million users, or the 1 billion monthly active users on its WhatsApp messaging platform. Alphabet is the only other global media company with properties above 1 billion, he wrote. FBN Securities analyst Shebly Seyrafi raised his price target on Facebook to 155 from 135. “Having succeeded very well on its transition to mobile, Facebook has many growth drivers ahead,” Seyrafi wrote. This includes Instagram, Messenger, video and its Oculus Rift virtual reality business, with WhatsApp further down the road. Cowen analyst John Blackledge raised his price target on Facebook to 145 from 140. Jefferies analyst Brian Pitz raised his price target to 160 from 145. The Word From Facebook CEO Zuckerberg: Bold In the company’s earnings conference call with analysts, Facebook CEO Mark Zuckerberg touched on some of the opportunities ahead. “Facebook has been built by a series of bold moves,” Zuckeberg said. “And when I look out at the future, I see more bold moves ahead. “A lot of what we’re building today in areas like connectivity, artificial intelligence and virtual and augmented reality may not pay off for years. But they’re important to our mission of connecting the world, and I’m committed to seeing this mission through and to leading Facebook there over the long term,” Zuckerberg said. Among social networking stocks, Facebook earnings towered above those of Twitter. The micro-blog site posted a Q1 revenue miss and gave Q2 revenue guidance well below expectations. Twitter said monthly active users rose to 310 million, up 3% year over year and up from 305 million in Q4. But that marked the ninth straight quarter of slowing year-over-year user growth. LinkedIn ( LNKD ), the networking site for professionals, reports earnings after the close Thursday. LinkedIn saw its stock bomb 44% to a three-year low after the company reported fourth-quarter earnings on Feb. 5, as its Q1 guidance widely missed estimates. The Q1 consensus estimate for LinkedIn is revenue of $828.5 million, up 30% year over year.

PayPal Seen Gaining Market Share After Q1 Earnings Beat

Shares of the self-proclaimed “future of money” payments giant PayPal ( PYPL ) rose Thursday after the company late Wednesday posted Q1 earnings and revenue that beat Wall Street views, as did its sales outlook, earning praise from a number of analysts. PayPal stock was up 2.5% in afternoon trading on the stock market today , above 41 and surpassing a 40.03 buy point, after the earnings beat. Shares have become extended from the lower 38.62 entry. PayPal is an IBD Leaderboard stock with a Composite Rating of 94, where 99 is the highest. IBD Take: PayPal stock has been on a roll, and IBD Stock Checkup can help explain just why. In a research note late Wednesday, RBC Capital Markets analyst Daniel Perlin wrote that the results supported his thesis that the company continues to take market share. Perlin raised his price target on PayPal stock to 46 from 42. Wedbush analyst Gil Luria bumped his price target to 47 from 45. In a research note, Luria wrote that accelerating growth and market share gains — especially in mobile — set PayPal apart from others. The payments space, however, has attracted a bevy of big tech rivals, including Apple ( AAPL ) and Alphabet ‘s ( GOOGL ) Google. “We believe competitive concerns continue to be exaggerated, considering completing solutions have all failed to get through PayPal’s incumbency on both consumer and merchant side for the last two to 10 years,” Luria wrote. BTIG analyst Mark Palmer reiterated his buy rating, saying PayPal is one of the most “direct means by which investors can participate in the rapid global growth of mobile payments and e-commerce.” Palmer said competitive concerns about Apple Pay moving to Safari, Apple’s Web browser — thereby making it simple for shoppers to make purchases with the technology within the browser — would hard to gauge for “some time.” Palmer  wrote that it remains to be seen whether PayPal will be able to make much money from Venmo, its peer-to-peer payments app. But Jefferies analyst Jason Kupferberg said the Venmo pilot — allowing Venmo customers to pay with Venmo at a small number of merchants — was “well received,” and the company plans to accelerate its deployment.