Alphabet reported a rare decline in profit during the third quarter, as its net income fell 23% on higher expenses, including a $1.5 billion unrealized loss on investments in other companies. For the quarter ended Sept. 30, Alphabet—which gets nearly all of its revenue from its Google search division—said net income fell to $7.07 billion from $9.19 billion in the same period the year prior....
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Coinbase Pulls Back Its Startup Investing as Others Weigh Options
Investors are fleeing crypto as the markets collapse. So will big crypto companies keep pumping money into startups to help the fledgling industry stay afloat? So far, the data is mixed. On one hand, industry giant and once prolific investor Coinbase has been tapping the brakes. Its venture arm, Coinbase Ventures, invested in just eight companies in June—including decentralized crypto...
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