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

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