Google sends mixed signals amid ad revenue slump
Google's parent company, Alphabet, reported higher-than-expected profits yesterday, leading to a big stock buyback being authorized by CEO Sundar Pichai. However, that's a seemingly contradictory move to the extreme cost-cutting measures the company announced this year in response to a slowdown in ad revenue, including layoffs of over 12,000 employees. Plus, a look at how the airline industry is doing amid widespread delays and flight cancellations. And, why fire insurance is increasingly hard to come by for companies that conduct controlled burns to prevent wildfires.
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Music from the episode
Hopes and Dreams Anamanaguchi
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Ariana Rosas
Producer
Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
Media Producer
Brian Allison
Technical Director
Nick Esposito
Media Producer
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Olie D'Albertanson
Producer, BBC