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October 26, 2017

Alphabet records 33 percent rise in profits for Q3 2017

Google’s parent company, Alphabet, had yet another highly successful financial report. For the third quarter of 2017 that ended on September 30, it recorded a net income amount of $6.73 billion,  a 33 percent increase compared to the same quarter in 2016, when it recorded $5.1 billion in net income. Revenues for the quarter came in at $27.77 billion, up 24 percent compared to the $22.5 billion amount from the same period a year ago.

Editor’s Pick Alphabet sells its robotics company — along with “Big Dog” and “Atlas” — to SoftBank

Alphabet is selling its Boston Dynamics robotics division to Japanese tech conglomerate SoftBank. The news arrived via a press [...]

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October 7, 2017

How giant balloons could restore wireless service in Puerto Rico

RavenAeroStar

Google’s Project Loon just received an experimental license from the FCC and could soon be launched in Puerto Rico to provide emergency connectivity.

Editor’s Pick Google’s Project Loon can now use fewer balloons to offer internet access

Project Loon is certainly one of the more “out there” projects that being funded by Google’s parent company Alphabet. The idea is to help areas of the world that have little to no internet service …

For those of you who are unfamiliar with Project Loon, it’s essentially a balloon-delivered wireless service project that’s part of X, Alphabet’s semi-secret research and development [...]

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July 24, 2017

Alphabet reports $26 billion in revenue despite hefty EU fine

Despite the $2.74 billion fine by the European Commission, Alphabet still managed to report double-digit growth in revenue this past quarter.

See also: One of Alphabet’s other divisions has made its own health-themed smartwatch One of Alphabet’s other divisions has made its own health-themed smartwatch April 15, 2017

Just around a month ago, the European Commission decided to fine Google a whopping €2.42 billion or approximately $2.74 billion for breaching EU antitrust rules. As expected, Alphabet’s operating income was hit by this hefty fine, but the company’s overall revenue from this past quarter actually beat market analyst expectations, accelerating its [...]

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