Good news for investors: Google still thumbs nose at Wall St.

They pushed the Google parent's GOOGL shares down 5% to $737.77 on heavy trading volume, a day after learning that the company's investments in what it calls Other bets remain a drag on short-term profits.

The category posted a first-quarter operating loss of $802 million, while generating sales of just $166 million, just a tiny fraction of overall revenue of $20 billion.