After Monday’s earnings report, Alphabet (Google’s Parent) overtook Apple as the world’s most valuable company. Amazingly, Google has been able to do this while spending a ton of dough on its so-called moonshots. (If you consider their marketcap and the variety of products and moonshots they underwrite, you can argue Adwords is the top product ever.)

+ Gmail just became Google’s seventh billion-user product.

+ Will Magic Leap and its “Mixed Reality Lightfield” be the next mega tech company? VCs just added another $800 million to their bet.