Alphabet Reports $41.2 Billion Q1 Revenue

As Covid-19 began to make its way through the world at the beginning of this year, Google's parent company, Alphabet still managed to bring in $41.2 billion in revenue in its first quarter. Total revenue for the period was up 13% year over year.

In other news, Covid-19 is continuing to affect workforces throughout the industry, including at OpenX which handed down changes to 15% of its workforce, WhatsApp began rolling out the ability to put eight people in a video chat and YouTube is bringing fact-checking features to the U.S.

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Roughly 15% of the ad-tech firm's workforce has been either laid off, furloughed or had hours reduced.

It’s the latest step by the platform to combat misinformation.

The livestreaming feature has seen a 70% spike in usage over the past month.

Facebook CEO Mark Zuckerberg discussed the new feature last week.