The Google LLC logo is on display in a building in San Diego, California, USA. (Photo Source: Reuters)
Google Parent Alphabet announced its $70 billion purchase on Thursday, breaking quarterly sales. The company’s shares increased by 6%.
US President Donald Trump’s trade policy has sparked concerns about a recession and has rethinked the costs of advertising to businesses. However, analysts say the digital advertising market is still in its position in the first quarter.
Openai is interested in purchasing Google Chrome.
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revenue from Google’s main ads, Google’s main business, is around 75% of total sales, up 8.5% for the quarter to USD 668.9 billion, a slower compared to a 10.6% increase in the last quarter, but about analysts’ expectations for a 7.7% increase.
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alphabet shifted production of Google Pixels to India, in the middle of the Trump-Terif-Rogue Cloud. Analysts were hoping that this device would be compiled according to LSEG data. In the first quarter, the company recorded total revenue of US$90.23 billion, compared to an average post-analyst estimate of $89.2 billion.