> Google just posted the biggest profit in its history — but two-thirds of it was money it hasn't actually made yet

Google just reported the biggest quarterly profit in its history — but roughly two-thirds came from gains on investments rather than its main businesses.

Alphabet, Google's parent company, reported $112.1 billion in profit for the three months ending in June. That's nearly four times the $28.2 billion it made a year earlier. About $77.1 billion of that total came from gains on investments that had largely risen in value on paper, but not yet sold for cash.

https://finance.yahoo.com/technology/ai … 00085.html