Google’s Moneymaking Machine Still Pumping Out Massive Profits Despite Multiple Threats

SAN FRANCISCO (AP) — Google is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire. The latest evidence of Google’s prosperity emerged Tuesday with the release of its corporate parent Alphabet Inc.’s results for the July-September period. Both Alphabet’s profit and revenue increased at a brisker pace than industry analysts predicted, thanks primarily to a moneymaking machine powered by Google’s ubiquitous search engine. The financial performance helped lift Alphabet’s stock price by 5% after the numbers came out. But a cloud of uncertainty hangs over Google after both its search engine and Android apps stores were declared illegal monopolies.

(Copyright 2024 The Associated Press. All rights reserved.)