Alphabet. The stock which you may own in a fund or retirement account or individually initially fell by more than 3 when the Company Reported profits 28 lower than a year ago. That was largely because the company booked a 2. 7 billion fine from european regulators. Ongoing Regulatory Risk is apparently what spooked investors this afternoon. Overall, the business is clicking right along. Net revenue rose 21 to 26 billion. Clicks on ads jumped 52 compared with a year ago. Cloud revenue up smartly as well. Josh lipton has our report on alphabet, the Worlds Largest advertising company. Reporter 18. 4 billion, that was a big number in alphabets latest earning report, refers to google property revenue, revenue generated from search and youtube. Raymond james says its critical because thats the highest margin businesses for google and the revenue jumped 20 year over year. Kessler notes there could have been some disappointment in the report specifically with traffic acquisition costs, thats w
Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. Coming up, samsungs attempt to steal the smartphone thunder from apple. Introducing the new galaxy 8 phone ahead of apples next big iphone event. Mutual funds take into account ubers year of drama, slashing their valuations for the ridesharing giant. Of bitcoin surges, investor interest is only growing stronger. Are we in a crypto currency bubble, and when could it pop . Its a redefining moment for the samsung note line as the south Korean Company unveils the brandnew note 8, the largest Samsung Phone yet. It could be its most important. After last years exploding battery fiasco, consumers could be hesitant to pick the model backup. Samsung feels confident that the problems are fixed and wants to move forward with what it hopes will be its, quote, its, quote, best mobile device ye
Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. Coming up, samsungs attempt to steal the smartphone thunder from apple. Introducing the new galaxy 8 phone ahead of apples next big iphone event. Mutual funds take into account ubers year of drama, slashing their valuations for the ridesharing giant. Of bitcoin surges, investor interest is only growing stronger. Are we in a crypto currency bubble, and when could it pop . Its a redefining moment for the samsung note line as the south Korean Company unveils the brandnew note 8, the largest Samsung Phone yet. It could be its most important. After last years exploding battery fiasco, consumers could be hesitant to pick the model backup. Samsung feels confident that the problems are fixed and wants to move forward with what it hopes will be its, quote, its, quote, best mobile device ye
Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool
Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool