Despite Russian ad controversy, Alphabet and Google keep raking in cash
Despite a flurry of unsettling news reports and the resulting political fallout concerning Russian propaganda ads spread through Silicon Valley, it’s still very much business as usual at Alphabet’s Google unit. The parent company of Google and its many subsidiaries reported fiscal third quarter earnings today, coming in above analyst expectations in both sales and profit. It’s clear foreign government intervention has little to no effect on Google’s bottom line, even if it does pose a serious public relations disaster and tangle up Alphabet executives with a congressional hearing on the subject scheduled for next week.
Following the earnings announcement, Alphabet stock shot up around 3.5 percent. For the quarter, the company took in...