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Alphabet bears loss of 3 bln dollars in 2017: Report

By Web Deskupdated : 4 months ago

62

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New York, Friday 02 February 2018: Alphabet, the parent company of Google has bore loss of three billion dollars just in three months of 2017, revealed a report.

The company bore such losses on high rated advertisements and certain projects like self drive and others. 

 Alphabet reported overall loss of three billion dollars after keeping aside 11 billion dollars for taxes.

Meanwhile John Hennessy has been named new chairman by the company. 02

Alphabet bears loss of 3 bln dollars in 2017: Report

By Web Deskupdated : 4 months ago

62

Print

New York, Friday 02 February 2018: Alphabet, the parent company of Google has bore loss of three billion dollars just in three months of 2017, revealed a report.

The company bore such losses on high rated advertisements and certain projects like self drive and others. 

 Alphabet reported overall loss of three billion dollars after keeping aside 11 billion dollars for taxes.

Meanwhile John Hennessy has been named new chairman by the company. 02

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