Google Cloud lost over $5.5 Billion in 2020
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Alphabet, the parent company of Google, has reported strong fourth-quarter earnings at $56.9 billion riding on its Search and YouTube growth, and disclosed numbers for its cloud business for the first time. Google Cloud's sales revealed $5.6 billion annual loss in 2020, but a nearly 50 per cent jump in revenue ($13 billion) compared to 2019. Google Cloud reported $3.8 billion in sales in the fourth quarter.