Bad News for Google…Good News for Presearch, Its Blockchain Rival – InvestorPlace

Advertising-based businesses are under serious scrutiny lately:

Snap Inc. (NYSE:SNAP) just warned that Q2 revenues and earnings from its Snapchat app aren’t ringing up as it previously projected – and it’s being treated as a “canary in the coalmine” for the whole group of stocks. Google (NASDAQ:GOOG), for its part, is still expected to see 15% revenue growth in Q2, with earnings roughly flat.

But Google has its own problems, in the form of the U.S. Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights.

Senators are preparing an antitrust smackdown for Google. Their new bipartisan bill – supported by the likes of Sen. Amy Klobuchar and Sen. Ted Cruz – is called the “Competition and Transparency in Digital Advertising Act.” And as The Wall Street Journal reported on Thursday, it would “likely require Google to divest significant portions of the digital advertising business it built.”

“When you have Google simultaneously serving as a seller and a buyer and…

Read Full Story: https://investorplace.com/2022/05/bad-news-for-google-good-news-for-presearch-its-blockchain-rival/

The post Bad News for Google…Good News for Presearch, Its Blockchain Rival – InvestorPlace first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/05/25/bad-news-for-googlegood-news-for-presearch-its-blockchain-rival-investorplace_2022052520586.html

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