Thursday, March 28, 2024

Alphabet’s moonshots are making more money, still aren’t profitable

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Alphabet, Googles parent company, continues to rake in money hand over fist. In its fourth and final quarter for 2016, the company reported $26.02 billion in revenue, which is a growth of 22 percent compared to this time last year. According to a press release, this performance was led by mobile search and YouTube, which makes sense since advertising continues to be Googles bread and butter — $22.4 billion of that revenue came from advertising.

This time however, even Alphabet…
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