Google parent Alphabet posts $3B loss in Q4 due to $9.9B tax
Google's parent company Alphabet has posted a loss of $3.02 billion for the quarter ended December 31, 2017. Alphabet said that it incurred the loss due to the one-time tax expense of $9.9 billion as a result of the new US tax law. However, it posted fourth quarternrevenues of $32.3 billion, up 24% year on year.