Internal revenue service articles
-
Google Ad Revenue Up 13% & Bing Ads Revenue Up 12%
Google and Microsoft both reported very good earnings, driving both stock prices up after hours. I like to dive into the ad revenue side, and it looks like Google Ad revenue was up 13% from last year and Microsoft Advertising revenue was up 12% from last year.And that is good because both companies saw ad revenues increase the previous quarter and the quarter before that.Google reported total ad sales of $61.66 billion — up from $54.55 billion a year ago.GOOG EarningsThe Google earnings release...
-
Services PMI® at 49.4%; April 2024 Services ISM® Report On Business®
/PRNewswire/ -- Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months
-
Microsoft's lagging internal AI efforts sparked OpenAI investment, internal email reveals
Microsoft was scrambling to catch up to Google’s dominance in AI, according to an internal email, which led to its major investment in OpenAI. This email exchange sheds light on Microsoft CEO and CTO’s sense of urgency and their awareness that Microsoft was falling behind in AI development. “Very, very worried.” In a 2019 email […]