Google parent Alphabet posts first revenue decline in company history

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

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Google CEO Sundar Pichai plans to tell Congress the company faces plenty of competitionGoogle's most common critics ask questions about whether it favors its own products or suppresses competitors through its dominance in search and digital advertising. Stop censorship With a straight face? hahaha--- yes-- doin teh no evil lulz
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Read Google CEO Sundar Pichai's full prepared remarks over antitrust - Business InsiderSundar Pichai will tell Congress that Google's search and advertising business faces plenty of competition, and that its free products benefit the 'average American.' Read his prepared remarks in full sundar is lyong scum Google Facebook and Twitter all need to face congress and allow free speech How does kashhill feel about this?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »