October 28, 2019
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Google’s parent, Alphabet, today reported third-quarter revenue of $40.5 billion, a rise of 20 percent from the same period last year but a number that trails Google’s pace historically. Ad revenue rose to a record $33.9 billion, contributing to an overall profit of $7.1 billion, but that number, too, disappointed, given profits were 23 percent higher a year ago. The company cited the cost of new employees, but as the WSJ notes, Alphabet’s equity
Top News
Google’s parent, Alphabet, today reported third-quarter revenue of $40.5 billion, a rise of 20 percent from the same period last year but a number that trails Google’s pace historically. Ad revenue rose to a record $33.9 billion, contributing to an overall profit of $7.1 billion, but that number, too, disappointed, given profits were 23 percent higher a year ago. The company cited the cost of new employees, but as the WSJ notes, Alphabet’s equity
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