May. 1 at 2:25 PM
$AMZN &
$GOOG are manipulating their books to show big ERs. this is fraud.
Yet a footnote in Google’s earnings release, and a bullet point under the net-income section of Amazon’s, tells a different story about where those profits came from. Nearly half of Alphabet’s record
$62.6 billion profit—about
$28.7 billion—”did not come from search ads, cloud services or any of its products at all. It came from Alphabet updating the value of the equity it owns in private companies, primarily Anthropic, the AI startup in which Alphabet holds a stake estimated at 14% before the announcement of an additional
$40 billion commitment last week.
Amazon disclosed a similar figure even more directly. Its earnings release stated that first-quarter net income “includes pre-tax gains of
$16.8 billion included in non-operating income from our investments in Anthropic”—more than half of Amazon’s pre-tax income (or profit) for the quarter.
read more here:
https://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/
$META $NVDA $AAPL
