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Added on the 29/07/2020 22:39:51 - Copyright : Euronews EN
According to Business Insider, Google doubled its capital expenditure. The company spent $25.8 billion in 2018. That included spending on offices and tech infrastructure. Its cloud unit also got the lion's share of new hires in the quarter, the CFO of parent company Alphabet said. Google said it launched its 18th Google Cloud region in the fourth quarter and pointed to plans for continued expansion in the US and abroad. Amazon spent $11.3 billion cash on capex in 2018, split between fulfillment operations and AWS. And Microsoft said it spent $16 billion.
The US tech giant Apple temporarily stopped Google from offering its employees internal-only iPhone apps.
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