Google's Cloud Business Takes $1.2 Billion Loss

The transcript discusses the impact of digital advertising growth during the holiday season, with insights from Alphabet CFO Ruth Porat. It highlights the significant growth in Google's cloud business, comparing it to competitors like AWS and Azure. The focus remains on growth over profitability in the cloud sector. The discussion also covers Andy Jassy's appointment as Amazon CEO, emphasizing AWS's role in Amazon's success and the potential changes in the competitive landscape.

What was the main factor that boosted company shares during the holiday shopping quarter?

• Reduction in operational costs

• Heavy digital advertising spend

• New product launches

• Increased physical store sales

What was the growth percentage of Google's cloud business in the discussed quarter?

• 50%

• 28%

• 46%

• 35%

Which company is considered a major competitor to Google in the cloud market?

• Azure

• IBM

• Salesforce

• Oracle

Who has been named the next CEO of Amazon, succeeding Jeff Bezos?

• Dan Newman

• Andy Jassy

• Satya Nadella

• Ruth Porat

What has been a significant contributor to Amazon's financial performance according to the discussion?

• Amazon Prime subscriptions

• E-commerce sales

• AWS

• Whole Foods