Mmastodon first seen 2 d ago, last 21 h ago, peak #1
Alphabet shares fall as profit miss and ad slowdown spook investors
Original: Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
Alphabet, Google's parent company, reported quarterly net profit of $26.2bn, down 25% from a year earlier and well short of analyst expectations, despite revenue rising to $127.6bn. Investors reacted negatively, citing the profit miss, a slowdown in advertising growth and high spending, and sold down the company's shares.
Why now: Alphabet's disappointing earnings report triggered an investor sell-off, making the stock a major market story.
Evidence
- Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending · The Guardian
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn
API: https://socialmediatrends-api.osmike.com/v1/trends/4372185