Google Cloud Drives Over $11 Billion in Revenue for the Tech Giant

by THEFUTURE.TEAM

October 31, 2024

Google’s cloud business achieved impressive growth in the third quarter, contributing over $11 billion to parent company Alphabet’s revenue, according to the latest financial report. The results surpassed market expectations, with annual profit increasing by over 30%.

Key Figures:

Cloud Revenue Growth: Alphabet reported $11.35 billion in revenue from its cloud division, up nearly 35% from last year’s $8.41 billion.
YouTube Ad Revenue: YouTube ads generated $8.92 billion in revenue, showing a small rise from $8.89 billion a year ago.
Earnings and Total Revenue: Earnings per share reached $2.12, exceeding the anticipated $1.85. Total revenue for the quarter was $88.27 billion, an increase from last year’s $86.30 billion.
Market Response: The company’s stock price rose by 6% following the earnings announcement, closing at $171.14 and approaching $181 in pre-market trading.

This quarter marks the fourth consecutive period of accelerating growth for Google Cloud, highlighting its increasing importance to Alphabet’s overall performance. Alphabet’s positive financial results arrive during a critical week for the tech sector, with earnings from Meta, Microsoft, Apple, and Amazon also on the horizon. However, Alphabet’s success is tempered by heightened regulatory scrutiny: U.S. regulators are investigating Google’s dominant 90% share of the internet search market, and the company faces pressure to open its app store to third-party competitors. A court ruling mandating these changes was recently delayed but may still take effect in the coming months.

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Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

August 21, 2026

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

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Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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