New York Google's parent company Alphabet posted the first revenue decline in its history during the three months ended in June, a sign of just how much the global pandemic and economic downturn is straining its core advertising business.
The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was higher than the $37.4 billion Wall Street analysts had expected. Alphabet posted net income just shy of $7 billion, which also beat analysts' projections. Shares were essentially flat in after-hours trading following the release.
Will Covid be a nail in the coffin for cash? -
Still super-duper-rich.
Excellent 😀.
Both ends of the intelligence spectrum. 🤡 🧠 RepMattGaetz MattGaetzIsATool mattgaetz google google
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