Alphabet's 2q Earnings Soar Despite Losses On Risky Bets

SAN FRANCISCO (AP) — Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue. Powered by Google's dominant search engine, Alphabet earned $4.9 billion during the April-June period, a 24 percent increase from the same time last year.

 

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