Welcome to the Tech Meme Ride Home for Tuesday, October 29th, 2019.

I'm Brian McCullough today.

Earnings from Alphabet and Shopify, hacking the Olympics, the rise of the rest rides again.

Amazon is making grocery delivery free and letting you pay your electric bill via Alexa,

and don't update your home pod or you might break it.

Here's what you missed today in the world of tech.

Alphabet earnings, Q3 revenue of $40.5 billion up 20% year over year, operating income of

9.2 billion dollars up from $.6 billion dollars, but net income was only 7.1 billion

down from 9.1 billion year over year. Why the discrepancy? Because alphabet is spending heavily to continue to build out its cloud computing business, which is third in the market, behind Amazon's AWS and Microsoft.

Quoting Bloomberg.

Google, the world's largest online search provider,

has been building out data centers, buying equipment,

and hiring salespeople and engineers to support its cloud unit

which rents computing power and software services over the internet.

Former Oracle executive Thomas Currian was hired late last year to reinvigorate this effort.

In the latest period, totaled 31.3 billion

dollars up 25% from a year earlier while revenue rose 20% to 40.5 billion

dollars. Capital spending was 6.7 billion up 27%.

We continue to invest thoughtfully in talent and infrastructure to support our growth, particularly

in newer areas like Cloud and Machine Learning.

Ruth Poret, chief financial officer of Alphabet

and Google said in a statement, end quote.

...