Friday’s Headlines: Google Joins the $1 Trillion Club for the First Time

Friday’s Headlines: Google Joins the $1 Trillion Club for the First Time

1. Microsoft saw its stock price rise on Thursday following the company’s announcement that it plans to totally remove its carbon footprint. CEO Satya Nadella claimed that the company aims to remove more carbon from the atmosphere than it emits by 2030 and that by 2050, it hopes to have taken out enough to account for all the direct emissions the company has ever made. The focus on removing existing carbon from the atmosphere sets Microsoft’s climate goals apart from other corporate pledges which have focused on cutting ongoing emissions or preventing future ones. Get the full story here

2. Four companies sued Facebook in U.S. federal court on Thursday for alleged anti-competitive conduct, seeking class-action status and unspecified damages, according to a filing at the U.S. District Court for the Northern District of California. The filing is an escalation of Facebook’s battles with small app developers that had built companies based on access to its user data. The move comes in the midst of Facebook’s battle with several antitrust lawsuits around the world, namely in Europe and the U.S. Read the full story here

3. Google parent company Alphabet hit a $1 trillion market capitalization on Thursday, making it the fourth U.S. company to hit the milestone after Apple, Amazon, and Microsoft. Analysts are bullish on the company’s newly appointed CEO, Sundar Pichai, who took the reins from founder Larry Page in December, having already been CEO of Google. Optimism also comes from the company’s growing cloud segment, as well as stability in its advertising business. For the full story, read here

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