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Google’s moonshot projects lost $859 million last quarter

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Google’s most extreme bets are starting to generate more sales — but at a great cost.

Alphabet (GOOGL, Tech30), the parent company of Google, saw sales from its so-called moonshot projects hit $185 million in the quarter ending in June, more than doubling sales from the same quarter a year ago.

But the company is losing far more money from those efforts. Losses for “other bets,” as Alphabet characterizes the segment, rose to $859 million for the quarter from $660 million a year earlier. – READ MORE

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