Google: victim of its own success?
The Wall Street Journal reported that net profit soared at Google's parent Alphabet, which also got an earnings boost from its stakes in companies such as Uber. Profit jumped 73% to $9.4 billion in the first quarter, up from $5.4 billion in the same period last year. This was partially driven by selling targeted advertising, which sooner or later will put Google under public scrutiny related to internet privacy. The new regulations currently in the making are unlikely to spare the biggest player in this business.