Google’s cloud business is losing money

Google Cloud posted an operating loss of $1.2 billion in the final quarter of 2020, 4% worse than a year earlier, the tech giant reported Tuesday. The unit lost $5.6 billion for the full year, an increase of nearly 21%. The company’s overall business is doing just fine, however, with a net profit of $15.2 billion — up 43% from the same period last year — on revenues of nearly $57 billion, up 23% and higher than analyst estimates. Google (GOOGL) stock jumped more than 6% in after-hours… Source link

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Stock futures open higher as Amazon, Alphabet shares jump after earnings

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

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Google owner Alphabet sees record growth as ad spend soars – BBC News

[unable to retrieve full-text content] Google owner Alphabet sees record growth as ad spend soars  BBC News Alphabet’s Google posts record sales as retailers shell out for ads  Reuters In Its Race To Beat AWS And Azure, Google Cloud Lost $5.6 Billion In 2020  Forbes Google’s rebounding ad revenue spells big 4Q for Alphabet  ABC News Google’s cloud business is losing money | | kctv5.com  KCTV Kansas City View Full Coverage on Google News Source link

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Jeff Bezos is stepping down as Amazon CEO — here’s why Amazon stock isn’t crashing

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

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Google Cloud Reports Huge Operating Losses in New Disclosure

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

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Google’s rebounding ad revenue spells big 4Q for Alphabet

SAN RAMON, Calif. (AP) — Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages as its YouTube video service matures into a major marketing magnet and other companies pour more into promotions aimed at cooped-up consumers with money to spend. The comeback highlighted the latest quarterly results released Tuesday by Alphabet Inc., Google’s corporate parent. As usual, Alphabet generated all but a small fraction of its revenue… Source link

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Google Wants Americans To Subsidize Their Electric Bill

In the Southeast United States, Google GOOG is one of the large industrial actors leading an effort to restructure the region’s energy markets. Google, and other corporations backing this proposal, claim they are acting virtuously to secure more clean energy. However, the reality is that these efforts are best seen as a strategy for reducing their electricity bills rather than carbon emissions, and should it succeed it would result in most other Americans— including low income… Source link

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Google Updates Shopping Search Results With “Black—owned” Label

Google is beginning Black History Month with an update to shopping search results that makes it easier to find and support Black-owned businesses. Search interest in Black-owned businesses is reaching record highs, having increasing 600% in the past 12 months. Interest in related search terms such as “black owned restaurants,” “black owned bookstores,” and “black owned beauty supply” is increasing as well. Now Google is helping searchers find these businesses with a… Source link

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Google’s Q4 Ad Rev Soars As Advertisers Return

When we last checked in with Google for its quarterly earnings in Q3, it was printing money. And in Q4, it printed some more – because advertisers are coming back. Read the release. Google’s 2020 Q4 revenues hit $56.9 billion led by YouTube and its search business. That figure is up 23% YoY from $46.1 billion. In total, Google’s Q4 advertising business generated $46.2 billion, up 22% YoY from $37.9 billion. Search generated $31.9 billion in Q4 2020, up 17% YoY from $27.2… Source link

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Jeff Bezos to step down as CEO of Amazon, to be replaced by AWS chief Andy Jassy – Yahoo

GlobeNewswire The Worldwide eHealth Industry is Expected to Reach $193.8 Billion by 2025 Dublin, Feb. 03, 2021 (GLOBE NEWSWIRE) — The “eHealth Market by Solutions (EMR, PACS & VNA, RIS, LIS, CVIS, Telehealth, eRx, HIE, Patient Portal, Medical Apps), Services (Remote Patient Monitoring, Diagnostic Services) End User – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. The global eHealth market size is projected to reach USD 193.8 billion by 2025 from USD 69.5… Source link

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