While I have sold my shares in Alphabet last month, I remain a very curious observer.
Here’s my highlights from today’s earnings. While almost every single revenue segment grew by double digits, Google Network was down ~2% YoY and ~10% from 4Q’21.
The Network business may not be terribly important given it’s a relatively lower margin segment compared to Search, but it may be indicative of the general direction of where the open web is heading.
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