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Alphabet and Amazon's private equity stakes generated $49B in Q1

Alphabet and Amazon reported $49B in gains from private equity stakes in Q1, accounting for most of their combined $53B in other income that quarter.

May 7 · 22:40:00 · primary fetch1 sourceupdated May 7 · 22:40:00

Robin Wigglesworth / Financial Times: Goldman Sachs: Alphabet and Amazon generated “other income” totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies — The AI “hyperscalers” reported bumper earnings for the first quarter, with both sales and profits beating expectations.

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techmeme.comGoldman Sachs: Alphabet and Amazon generated "other income" totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies (Robin Wigglesworth/Financial Times)primary22:40:00