Rising star: YouTube playing key role in Google's success
All that money is providing Google with more financial firepower to buy the rights to stream cable networks' shows on YouTube, too, something likely to reel in even more viewers. It also is helping to finance Alphabet's investments in far-flung projects ranging from self-driving cars to internet-beaming balloons. That segment, known as "Other Bets," lost $865 million during the July-September period, narrowing from a $980 million setback last year as Alphabet imposed more expense controls.
Oct-27-2016, 21:00:36 GMT
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