Google’s license to spend apparently has an expiration date. Alphabet Inc., parent company of the Internet search giant, reported mostly strong fourth-quarter results Monday afternoon. Revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. That was driven by yet another quarter of 20% growth for the company’s colossal advertising business, which now generates more than $116 billion in revenue annually. Smaller ventures that include the Google Cloud platform and the device business also are doing...

Source: Wall Street Journal February 04, 2019 23:26 UTC