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- $460B: Jack Ma, the founder of China-based e-commerce giant Alibaba stepped down as chairman of the company, around 6 years after giving up the CEO position. The move marks another step in Ma’s gradual disentanglement from Alibaba’s senior leadership positions as the tech company, which has a market cap of about $460B, looks to weather global trade uncertainty and faces increasing competition in its home market.
- $1.7B: Attorney generals from 48 US states, Puerto Rico, and Washington, DC are launching a host of antitrust investigations into Google. The focuses include looking at the tech giant’s advertising, search, and acquisition practices. The move follows a $1.7B fine that Google received from the EU in March for using anti-competitive tactics. Do Google’s previous company purchases point to unsporting behavior? Decide for yourself by taking a look at Google's biggest acquisitions.
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