Google Posts Strong Earnings as Threats Mount

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Google parent Alphabet posted strong earnings and authorized a stock buyback of up to $25 billion. Shares rose more than 8% after hours.

Alphabet Inc. reported revenue of $38.9 billion, up 19% over the same period last year. While that is slower growth than usual for the technology mainstay, it beats bearish analyst prognostications stemming from the company’s earnings miss a quarter earlier.

 

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American corporations operate like predators...using people to make money for 'shareholders'! One of these animals can come in and buy a company...fire the very people who built the company..sell it and then give the profits to who? Shareholders!

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