Saturday, April 20, 2024

Google is still making money despite $2.7 billion EU fine

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Google parent company Alphabet just announced its financials for the second quarter of 2017, and it looks like the company took a bit hit from the record fine the EU dropped on it late last month. Alphabets total net income for the quarter came in at $3.5 billion — thats down significantly from $4.9 billion it pulled in a year ago. However, Alphabet was quick to note that without the EUs heft $2.7 billion fine, net income would have come in at $6.3 billion. So this quarters drop …<...
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