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MarketWatch First Take: Google discloses Nest finances, and they aren’t great

Alphabet Inc.’s new financial disclosures made it possible for investors to actually figure out the financial performance of one of its individual businesses, a rarity for Google’s parent company.

In the case of Nest, it’s pretty obvious why Alphabet GOOGL, -4.77%GOOG, -4.45% would try to keep it hidden.

The disclosure came from new reporting procedures for Alphabet that started with its first-quarter report delivered Monday. The headline change was a requirement that Alphabet disclose the value of its investments, which led to a gain of $3.03 billion from an investment in Uber Technologies Inc., though executives largely avoided any additional disclosure about it.

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