Earnings quadrupled on paper, but an analyst calls that an “illusory” performance propped up by unrealized gains from equity investments.
Source: [MarketWatch](https://www.marketwatch.com/story/alphabets-massive-profit-growth-is-just-an-illusion-as-spacex-and-anthropic-help-mask-a-historic-cash-drain-ffff172d?mod=mw_rss_topstories)