But Monday’s trading on Wall Street showed just how hard it is to stay in the trillion-dollar club. Tech’s richest companies seem to be defying a Wall Street assumption that as a company gets bigger, it becomes difficult to find new ways to make money and maintain rapid growth. Revenue rose 17 percent to $46.1 billion, slightly below Wall Street expectations. YouTube sold $15.1 billion worth of ads in 2019, up 36 percent, while its cloud unit grew more than 50 percent to $8.9 billion. Ad revenue from search increased 15 percent to $98.1 billion.

Source: New York Times February 04, 2020 00:33 UTC