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Google just reported record revenues up 26% from last year's quarter and almost double last year's net income at $9bn. Not to worry, it has plenty of cash to
by sunstone 9y ago
Google just reported record revenues up 26% from last year's quarter and almost double last year's net income at $9bn. Not to worry, it has plenty of cash to bleed and it increases every hour of every day.
- HenryBemis 9y ago[1]: https://www.cnbc.com/2017/07/24/alphabet-earnings-q2-2017.html https://www.cnbc.com/2017/07/24/alphabet-earnings-q2-2017.ht... But I have to say, "Of course, Google has the money to spend." "Bleeding cash" is hardly what Google/Alphabet is doing. At worse, this for Google/Alphabet is the $10 bill that discovered in a jacket they haven't put on since last spring. Or to state this properly, Alphabet's liquidity/viability is not in danger by this effort :)