Nearly everyone uses Google search, YouTube, or the Android operating system. As a result, Google’s parent company, Alphabet, has prospered. Its annual sales grew $20.5 billion to $110.8 billion in 2017, vaulting it into the top 25 of the Fortune 500 list. But last year’s $12.7 billion profit was 34% lower than a year before, partly because of a $2.7 billion antitrust fine by European regulators. While Alphabet’s shares have fluctuated over the past year, they managed to rise 18% over the 12 months ending in May.
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News about Alphabet
Google overhauled its search tools to emphasize images and to offer more personalized information.
And adding two new unlimited data plans.
Alphabet, Facebook, and Netflix will be impacted.
PayPal "found instances that promoted hate or discriminatory intolerance against certain communities and religions."