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Yesterday, Google's Mother Alphabet Group's search engine delivered its report for the second quarter. The report shows that Alphabet sparked analysts' expectations and that the company's share rose after the data was made public.
However, the report also showed other exciting tasks. Techsajten The Verge has analyzed the report and raises the "Other Bets" category as a still expensive and messy part of the company's accounts.
The category contains almost all parts of the business that are not Google. This includes, for example, Waymo, the "X" technology lab and other areas such as the Verily Health Society and Calico Anti-Aging.
According to The Verge, sales reached $ 145 million in the second quarter. The loss in the same category amounted to $ 732 million, excluding the $ 127 million in shares benefiting employees of the company.
The alphabet spends large sums on its experimental departments and is currently losing nearly $ 1 billion on these parts. At the same time, The Verge raises the possibility that Waymo may be the brains behind the self-propelled cars the same as Android is the operating system of many mobile phones. Something highlighted as a big potential win for the company.
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