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Alphabet Earnings Grow

Analysts had expected a good performance as economies around the world have continued to reopen, prompting more spending on online advertising. It comes as the tech giant faces increased scrutiny over its power and the pandemic has people turning to the internet more than ever. Google owner Alphabet saw its earnings soar in the first quarter as people stuck at home in the pandemic used more of its services. Net profit jumped by 162% to a record $17.9bn in the three months to March as advertising revenue swelled by a third. Do you think that the covid-19 has favored the big giants ?

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