Filing: during Q1, Alphabet saved $268M in expenses from company promotions, travel, and entertainment, compared to Q1 2020, “primarily as a result of COVID-19” (Mark Bergen/Bloomberg)

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Mark Bergen / Bloomberg:
Filing: during Q1, Alphabet saved $268M in expenses from company promotions, travel, and entertainment, compared to Q1 2020, “primarily as a result of COVID-19”  —  With Covid-19 restrictions lifting, more people are booking trips and hotels online, which is very good for Google’s advertising business.

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