After their ads appeared next to extremist content on YouTube, telecom companies AT&T and Verizon said they were going to pull their ads from the video site. Google’s Chief Business Officer Phillip Schindler issued an apology on the company’s blog on Monday, saying the practice is unacceptable. Google Chairman Eric Schmidt said that with YouTube’s size and scale (more than 100 million hours of video are watched each day), it has a responsibility to match ads and content properly. GOOGLE HOME SURPRISES USERS BY PLAYING 'BEAUTY AND THE BEAST' PROMOPivotal Research analyst Brian Wieser downgraded Google shares of Google to hold from buy, noting the company may have done global harm to itself. In the U.S., the research firm expects it to own 78% of all U.S.-related search ad revenue this year.

Source: Fox News March 23, 2017 13:18 UTC