Google Can’t Keep Its Success Secret

The good news is that Google still makes insane amounts of money. That is also the bad news.

That dichotomy hangs over the first-quarter results reported late Monday by Alphabet Inc., parent company of the internet giant. Against what seemed like a low bar, the company’s results largely beat Wall Street’s targets despite a sizable jump in spending. Advertising revenue, which still accounts for 86% of the core Google business, jumped 24% year over year to $26.6 billion. That is the fastest rate of growth that business has recorded…

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