Alphabet shares surged as the company announced its first dividend

Previously, Alphabet discussed with advisors about the possibility of acquiring HubSpot, an online marketing software company with a market value of $35 billion.

According to sources, Alphabet has met with advisers from investment bank Morgan Stanley in recent days to consider making an acquisition offer for HubSpot.

The sources added they are discussing how much to offer and whether antitrust regulators will approve the deal.

If realized, this will be Alphabet’s largest acquisition ever. But the above sources said that Alphabet has not yet sent an offer to HubSpot and there is no certainty that they will do so.

Google logo at headquarters in Mountain View, California (USA). (Photo: AFP/TTXVN)

HubSpot was listed on the stock market in 2014, specializing in providing marketing software to companies with about 2,000 employees. In 2023, the company generated revenue of 2.2 billion USD and net loss of 176.3 million USD.

Despite the loss, investors are excited about HubSpot’s growth prospects, helping the company’s stock rise by as much as 50% over the past 12 months.

The deal with HubSpot will expand Google’s offerings in the booming customer relationship management (CRM) software market. The relationship with HubSpot also allows Alphabet to reach a larger base of enterprise customers.

In addition, the acquisition of HubSpot will also benefit Google’s cloud computing services business, which is looking to narrow the competitive gap with rivals Microsoft and Amazon.

Google may also argue to antitrust regulators that its acquisition of HubSpot will spur competition in the sales and marketing software sector, challenging the dominance of the likes of Salesforce and Microsoft. .

Many of these companies are enhancing their services with AI, a technology that Google is also investing in to gain an edge. Overall, mergers and acquisitions activity in the broad technology sector is growing.

Previously in January 2024, design software company Synopsys agreed to buy smaller rival Ansys for about 35 billion USD. Hewlett Packard Enterprise reached an agreement the same month to buy networking equipment maker Juniper Networks for $14 billion.

According to market research company Dealogic, technology companies account for the largest proportion of mergers and acquisitions activities in the first quarter of 2024. The total value of these deals has increased by more than 42% compared to the same period last year. last year’s period was about 154 billion USD./.

Delta Airlines Emergency Slide Mishap: A Wake-up Call for Aviation Safety

On April 26, 2024, a Delta Airlines flight from New York to Los Angeles encountered a harrowing incident. The pilots of Delta Air Lines Flight 520 were forced to return to John F. Kennedy International Airport shortly after takeoff because an emergency slide fell off the Boeing 767 passenger jet.

“The pilots of Delta Air Lines Flight 520 from New York to Los Angeles reported vibrations and banging not long after takeoff”

The Federal Aviation Administration (FAA) reported that the plane turned around and landed back at JFK at 8:35 a.m., just after spending roughly 33 minutes in the air.

• Crews inspected the plane and found out that an emergency slide had separated from one of its exits
• Delta confirmed that it’s supporting retrieval efforts and would cooperate fully with investigations
• The FAA is currently investigating the mishap
• The Boeing-767 was taken out of service while the passengers were placed on another flight to Los Angeles

Aviation Safety Standards Under Scrutiny After A Recent Spate Of Mishaps And Crashes

This latest incident falls under the umbrella of multiple aviation safety mishaps over recent years, with major airline brands often making headline news for all the wrong reasons. Following closely on this one is a fatal mid-air collision between two small planes above Colorado; nine people died in February this year.

Inadequate testing protocols have come under intense scrutiny by Congress as incidents pile up. With many industry experts calling for more funding for aviation safety regulation bodies such as National Transportation Safety Board (NTSB) which has seen cuts over recent years, the FAA is under some pressure to prioritize aviation safety standards.

“We need more funding for the NTSB and other organizations responsible for aviation safety regulation. The investment must be prioritized towards inspection, surveillance technology acquisition, and runway safety improvement,” Senator Robert Menendez (D-N.J.) tells this reporter.

Human Factors In Aviation Safety Ratios

The current spotlight on aviation safety points to the importance of factoring in human factors rather than just relying solely on data from crash investigations. “We need to get better at educating pilots regarding situational awareness about their surroundings while flying over cities, oceans or mountains,” says an expert.

The human element is a crucial variable in flight operations that needs closer attention by airlines, aircraft manufacturers, and regulators alike. Pilot fatigue arising from long flight hours across multiple time zones also compromises mental functioning leading sometimes deadly results in-flight emergency situations such as Delta’s case here.

“We need more research into how technological advancements affect pilot behavior and overall cockpit communication clarity,” says aviation psychologist Dr Christopher A Ward.

New Technologies Emerging As Viable Solutions To Air Mishaps

The frequency of navigation hazards arising from poor visibility conditions has prompted many industry bigwigs to explore technological solutions; New York-based FlyLight Technologies suggests it has a solution.” Our patented onboard augmented reality displays that project an aircraft’s blind-spot region with heightened clarity reduces risk during low visibility conditions,” says CEO John Walker.

Conclusion

The hope following this latest Delta Airlines incident is that it will serve as a glaring wake-up call for regulators and industry stakeholders worldwide to set new goals regarding aviation safety: finding innovative solutions through research-oriented proposals that make flying safer than ever before should become paramount!

Related

Billionaires love newspapers in particular. The Chairman of Berkshire Hathaway Warren Buffett, who is even called a ‘newspaper addict’, reads through 5 to 6 newspapers a day even at the age of 90. He used to advise teenagers, “If you want to know about the world, start by reading the newspaper.” Amazon founder Jeff Bezos also starts his day by reading the newspaper and drinking coffee every morning. When asked how the late Chung Ju-young, honorary chairman of Hyundai Group, was able to attract graduates from prestigious universities by only going to elementary school, he said, “I went to a ‘new university’.”

▷ Rich Koreans still get newspapers in the morning. According to the ‘Korea Wealth Report 2024’ published by the Hana Financial Research Institute on the 25th, 33% of wealthy people with financial assets of 1 billion or more answered that they read paper newspapers and news as part of their routine morning It was much higher than the public response (18%) with financial assets of less than 100 million won. Among the wealthy, the proportion of people who read newspapers and news increased as their assets increased. While the general public mainly paid attention to entertainment and sports news, the wealthy showed interest in the economy, politics and lifestyle culture respectively.

▷ The fact that reading is part of the daily routine of the rich is not irrelevant to reading newspapers. While the general public read about 6 books a year, rich people read about 10 books. In particular, rich people with financial assets of more than 10 billion won were found to read about 20 books a year. Rather than books on economics and management, they preferred books and novels in the fields of humanities and social studies. For the rich, the act of ‘reading’ was not something they did specifically, but something they did every day. By always keeping newspapers and books close at hand, he broadened his horizons and retrieved treasures that others could not see from the printed world.

▷Why do rich people still demand paper newspapers even in the digital age? It is difficult to fully understand the value of news with only flat and fragmented information. This is where the power of paper newspapers comes from, selecting essential information and showing the importance of news through editing. According to an experiment carried out by researchers at Carnegie Mellon University and Dartmouth University in the United States, it is possible to understand the content more comprehensively and think creatively when reading a text on paper compared to looking at a digital screen. Research results also show that reading paper newspapers consistently every day improves attention and concentration.

▷ The strength of newspapers is that they prevent you from being deceived by false information and are not limited by the limitations of the algorithm that only shows what you are interested in. Last December, Japan’s Yomiuri Shimbun conducted a study of 3,000 people from Korea, the United States, and Japan, and found that people who read newspapers are better at identifying false information than people who don’t read newspapers. . The power of newspapers is to help you choose good information, chew it, and swallow it. It is a cost-effective investment chosen by the wealthy to gain insight without getting lost in the flood of information.

Editorial Writer Kim Jae-young redfoot@donga.com

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