Shares in Alphabet soared nearly 8 per cent on Wednesday, pushing the company’s market cap back towards $2tn after an unexpectedly strong surge in search advertising revenue raised Wall Street’s hopes that its momentum would continue as the coronavirus pandemic recedes.
The Google parent had announced its earnings on Tuesday alongside a rare 20-for-1 stock split, only the second time it has split its shares since going public in 2004, adding to the stock market enthusiasm that…
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