- Britain competition regulator Competition and Markets Authority (CMA) has secured Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s commitment regarding its proposal to eliminate third-party cookies from its Chrome browser, Reuters reports.
- The affirmation follows the regulator’s action against Google in January over the proposals’ possible role in restricting digital advertising competition.
- Digital advertisers use third-party cookies to personalize and target advertising.
- Google claimed that its new technology, Privacy Sandbox, will enable users to receive relevant advertising without tracking on an individual level.
- Google has assured no data advantage for Google advertising products under its proposals and no preferential treatment towards its advertising products or own sites.
- The CMA will now check on the commitments.
- Price action: GOOG shares closed higher by 0.49% at $2,534 in the premarket session on the last check Friday.
JP Morgan Maintains Underweight on Tesla, Raises Price Target to $295
JP Morgan analyst Ryan Brinkman maintains Tesla (NASDAQ:TSLA) with a Underweight and raises the price target from $250 to $295.
