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Google's ad business continues to prop up its experimental ventures
Google's parent company Alphabet just released its financial results for the first quarter of 2016, and unsurprisingly the company continues to rake in huge amounts of cash. Revenue in Q1 of 2016 was $20.3 billion, up 17 percent year-over-year. Net income of $4.2 billion was also up a healthy 20 percent over Q1 of 2015, though unsurprisingly Alphabet's "other bets" companies continue to lose quite a bit of cash -- $802 million in the quarter, if we're being exact.
