Neener, Neener, Google Won’t Stop Moonshots

The Company Formerly Known As Google today announced its third-quarter revenue grew to $22.5 billion, up 20% from the like quarter a year ago. Mobile search, video, sales through Play and Google Cloud all contributed to the growth. Under pressure from investors who loathe research and development, Google a year ago rebranded itself as Alphabet Inc. , and formally separated its fabulously successful ad business — still called Google (Nasdaq: GOOG) — from its more venturesome endeavors, which are now in a separate bucket the company cheekily labels “Other Bets.” There isn’t much that Google is doing with its core business that requires justification. During their call with analysts today, Alphabet CFO Ruth Porat and Google CEO Sundar Pichai instead spent much of their time offering assurances that the company’s…

Link to Full Article: Neener, Neener, Google Won’t Stop Moonshots

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