Alphabet: revenue soars for Google owner as Covid lockdown boom continues

Tech firm beat Wall Street forecasts with $55bn in revenue, even as it faced antitrust lawsuitsCoronavirus – latest updatesSee all our coronavirus coverageGoogle’s parent company, Alphabet, more than doubled its profits to a record $17.9bn (£12.9bn) in the first quarter, as the lockdown-enforced surge in the use of digital services fuels an advertising boom for the Silicon Valley giant.The performance smashed Wall Street’s expectations, with profits jumping 162% year on year as total revenues climbed by a third to $55.3bn, prompting investors to push Alphabet’s market value above $1.6tn for the first time. Continue reading…Technology | The GuardianRead More