Jonathan Weil / Wall Street Journal:

In Q2, “other income”, mostly from investment gains, at Amazon and Alphabet totaled ~$121B after taxes and made up 66% and 71%, respectively, of profits  —  Gains on investments in companies like Anthropic are boosting earnings at some of the biggest technology companies

Jonathan Weil / Wall Street Journal:

In Q2, “other income”, mostly from investment gains, at Amazon and Alphabet totaled ~$121B after taxes and made up 66% and 71%, respectively, of profits  —  Gains on investments in companies like Anthropic are boosting earnings at some of the biggest technology companies

Source: TechMeme
Source Link: https://www.techmeme.com/260814/p15#a260814p15