news: Revenues in the US rose 20% while revenues from Europe, the Middle East and Africa rose 29%, helped by the strength of the euro and the pound, according to The Guardian. It was the latest tech company to announce strong revenue growth news that has cheered investors but rising costs that come as the company is facing increasing competition from Amazon clouded the news. Google board tried to cover up sexual misconduct, shareholders allege Read more Alphabet's revenues for the quarter were 22% higher than the same period last year and the company made a profit of 8.9bn, the company announced on Monday. Sign up for the US morning briefing The fees that Alphabet pays to companies like Apple for Google to be their default search engine rose to 7.4bn up from 6.6bn for the same period last year. Alphabet's shares sank 3% in after-hours trading. The costs of its most ambitious projects also rose sharply.
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