A landscape worker mows the lawn in front of a building on a Google campus in Mountain View, California, US. During the first quarter, Google parent Alphabet Inc saved US$268mil (RM1.09bil) in expenses from company promotions, travel and entertainment, compared to same period a year earlier, ‘primarily as a result of Covid-19’, according to a company filing. — Bloomberg
With Covid-19 restrictions lifting, more people are booking trips and hotels online, which is very good for Google’s advertising business. Google’s employees, however, are working from home and not travelling as much on the company dime – and that’s also good for its business.
During the first quarter, Google parent Alphabet Inc saved US$268mil (RM1.09bil) in expenses from company promotions, travel and entertainment, compared to same period a year earlier, “primarily as a result of Covid-19”, according to a company filing.
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