Bloomberg

Telecommunications and cable companies are emerging as some of the biggest losers of the high interest rate era. Buoyed by a sudden increase in demand, many firms took on vast amounts of credit to boost spending on increasing download speeds through expensive fiber rollouts. Now, changing consumer behaviors are causing turmoil and pushing companies in the US and Europe to invest in new infrastructure.

The former head of search at Google told colleagues in February 2019 that his team was “getting too involved with ads for the good of the product and company,” according to emails shown at the Justice Department’s landmark antitrust trial against the company. Google maintains a firewall between its ads and search teams so that its engineers can innovate on Google’s search engine, unsullied by the influence of the team whose goal is to maximize advertising revenue.