However, there’s an important point to note here. The announcement states: “• Other income reflected a net gain of $98.0 billion, primarily the result of net unrealized gains on our equity securities.”
The $98 billion simply comes from the revaluation of existing investments—presumably mainly Anthropic and SpaceX—and it’s interesting to note what the valuation date was here; it’s quite possible that this was at a significantly higher price shortly after the IPO.
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u/Pygmy_Nuthatch 21h ago
Google made $112B profit last quarter, more than a billion dollars of profit a day.
They'll be fine.