Alphabet

Alphabet's Life Sciences Company Verily Gives Up on Glucose Reading Contact Lenses

Eye

Episode 1542

Alphabet's life sciences company Verily has announced that it is discontinuing development on 'Smart Lens,' which promised the ability to read blood glucose levels using contact lenses. The company said that not only is this hard to do, but there's massive and potentially insurmountable technical and scientific problems with it.

Read more at blog.verily.com

Tech Companies Announce Quarterly Earnings

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Episode 1459

Tech companies announced quarterly earnings last week, and everything was up. Alphabet's revenue was up 24%, but because of the new tax law, it actually lost money. Alphabet had an additional tax expense of $9.9 billion, but that money went toward taxes on funds that were kept overseas to avoid that tax. Ebay lost money because it had to pay $3.1 billion, and Lenovo lost money because it had to pay $400 million in taxes.