The search engine’s parent company performed better than expected Monday with a value of $518bn after investors were given inside scrutinize into tech companyAlphabet,parent company of Google, looks set to take the crown from Apple and become the world’s most valuable company.
The tech company announced better than expected results on Monday and gave investors their first proper scrutinize under the hood at the engine that drives its commerce. Operating income from its core businesses rose 23% in 2015. Investors liked what they saw and shares spiked 8% in after-hours trading.
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Source: theguardian.com