Unfriending Facebook? Internet giants and their earnings

As Facebook makes stock market history, we examine the concentration of big profits in a handful of companies.

Internet giants Facebook, Amazon and Google's parent company, Alphabet, have published their quarterly earnings reports this week.

Alphabet earned $32.7bn in revenue in the past three months, with Google churning out extraordinary amounts of profit. Alphabet reported net income of $3.2bn. Without the antitrust battle with EU regulators over Google's Android mobile software, which led to a five billion dollar fine for the quarter, it would have been $8.3bn, the company said.