Whaddya gotta do to impress investors these days? Maybe convince them you're not overspending on AI?Google’s parent Alphabet has achieved $100 billion in annual net income for the first time.News of all those zeroes came in the mega-corp's fourth-quarter and full-year 2024 financial results, which recorded $96.5 billion in Q4 2024 revenue and $350 billion for the full year, representing year-on-year gains of 12 percent and 14 percent respectively.CEO Sundar Pichai characterized the results [PDF] as "a strong quarter driven by our leadership in AI and momentum across the business."
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66 sats \ 0 replies \ @BlokchainB 5 Feb
People invest for growth. Does alphabet pay a dividend? If not you have to think can alphabet continue to grow? Can it get to $200B in earnings? If not today’s stock price is overvalued especially if they don’t buy back shares.
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