Sell GOOG by Nov 16, 2026.

I recently saw that Alphabet reported $112.2bn of net income last quarter while the actual business, ads and cloud, earned $40.8bn of it, so I looked into where the rest came from. It is a $99.0bn gain on investments, and only $278m of that came from selling anything. $77,354m of it is Alphabet raising the value of stakes it holds in private companies. I asked Eli Bartov, professor of accounting at NYU Stern, who advises money managers on financial reporting …