Friday, July 29, 2016

Google Silences Doubters With Blockbuster Quarter - The New York Times

A solid week for "the four horsemen of the Internet"

"It’s good to be Google. Sometimes it’s just plain great.

Revenue regularly increases at a clip rarely achieved by firms of its size. The same goes for profits. Seven of its products have over a billion users, a scale unimaginable in the predigital era. A reorganization last year into a holding company called Alphabet, accompanied by some related high-level personnel moves, was unexpected but generally applauded.

Investors and analysts see little in the short term to disrupt this happy state of affairs, which has pushed Alphabet’s value to more than $500 billion. Those sentiments were confirmed in its second-quarter earnings report, released Thursday after the market closed. It was even better than the rosy forecasts."
Google Silences Doubters With Blockbuster Quarter - The New York Times
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