Expenses have surged faster than revenue for much of the past two years, concerning some investors
Google's brand logo outside its office in Beijing, China. Picture: REUTERS/THOMAS PETER
Major competitors for ad spending such as Facebook, Snap, Amazon.com and Twitter all reported last week quarterly revenue above or in line with analysts’ expectations. amid increased scrutiny on the company’s privacy practices and efforts to restrict advertising on potentially offensive content. Google’s 3-billion users help make it the world’s largest seller of internet ads, capturing nearly a third of all revenue, according to research firm EMarketer. Facebook is at about 20%.
Still, the company has yet to tout significant revenue from its spending on ventures such as self-driving cars and its AI helper Google Assistant.
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