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Strategies & Market Trends : stocks for medium & long-term hold durations

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Lou Weed

To: rimshot who wrote (57)	10/26/2021 4:52:42 PM
From: rimshot	2 Recommendations Read Replies (1) of 426

Alphabet shares have fared better in recent days, compared with the shares of firms like Snap (SNAP) and Facebook(FB) , which are more focused on mobile advertising. Such firms reported hits to sales following Apple's(AAPL) changes requiring consumers to opt into advertisement tracking. In the company's earnings release, CEO Sundar Pichai touted efforts to become an artificial-intelligence-focused firm. "This quarter's results show how our investments there are enabling us to build more helpful products for people and our partners," Pichai said. "Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure." Revenue in the Google Services business totaled $59.88 billion, while Google Cloud revenue surged 45% to $4.99 billion.

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