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Google owner Alphabet loses $500bn in market value after profit disappoints Wall Street

المصدر: Business | The Guardian · نُشر

Google owner Alphabet loses $500bn in market value after profit disappoints Wall Street
المصدر: Business | The Guardian

Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in the Google parent Alphabet fell double digits Wednesday evening into Thursday trading, erasing hundreds of billions of dollars in stock market value from the

Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in the Google parent Alphabet fell double digits Wednesday evening into Thursday trading, erasing hundreds of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI. Continue reading...

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