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Alphabet and Facebook rise after Microsoft reports surprisingly strong advertising revenue



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Microsoft CEO Satya Nadella speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. / AFP PHOTO / Jason Redmond (Photo credit should read JASON REDMOND/AFP via Getty Images)JASON REDMOND | AFP | Getty ImagesShares of Alphabet, Facebook and other advertising-driven internet companies gained in extended trading on Tuesday after Microsoft’s earnings report showed that its advertising businesses did better than expected.The outcome for two parts of Microsoft that reflect advertisers’ activity could indicate improvement in global economic conditions as the coronavirus pandemic begins to respond to widespread vaccination programs.Microsoft said its LinkedIn social network, whose Marketing Solutions …

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