Alphabet Inc.'s (GOOGL) - Get Alphabet Inc. Class A Report Gmail email service will no longer scan users' emails in order to target advertising more accurately, Google said in a surprise announcement Friday.
The company had already offered that option for the subscription version of Gmail, G Suite, which the company says has doubled its usage to 3 million paying customers since last year.
"The value of Gmail is tremendous, both for G Suite users and for users of our free consumer Gmail service. Gmail is the world's preeminent email provider with more than 1.2 billion users," Google said in a statement.
What's Hot On TheStreet:
Well OK then, Jeff Immelt: General Electric's (GE) - Get General Electric Company (GE) Report outgoing CEO Jeff Immelt had some choice things to say at an event in NYC on Thursday night, TheStreet's Kinsey Grant reports. First, Immelt revealed a possibly fatal management mistake Kroger's (KR) - Get Kroger Co. (KR) Report CEO might have made about Amazon (AMZN) - Get Amazon.com, Inc. Report who as we all know, just inked a $13.7 billion deal for organic grocer Whole Foods (WFM) . Immelt then took a jab at Hillary Clinton and Barack Obama for not visiting factories in their push to lift manufacturing wages. Talk about a well-paid boss going down swinging.
Why Sears Canada is dying: Sears Canada (SRSC) has one foot in the grave just like its ailing U.S. friend Sears Holdings Corp. (SHLD) . Unfortunately for Sears Canada, it's that friend across the boarder that has played a large role in its demise, TheStreet's Michelle Lodge reports. Sears has sucked badly needed cash away from Sears Canada through the years, leaving it unable to upgrade stores and do other things to compete effectively in the always challenging Canadian retail market.
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