Mmastodon first seen 2 d ago, last 11 min ago, peak #1
Investors punish Alphabet after profit miss and ad slowdown
Original: Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
Alphabet, Google's parent company, reported quarterly results that disappointed Wall Street, with net profit falling 25% year on year to $26.2bn, well below analyst expectations, despite revenue rising to $127.6bn. The miss was attributed to slowing advertising growth and heavy spending on artificial intelligence infrastructure, prompting a negative investor reaction and renewed scrutiny of the company's ballooning capital expenditure.
Why now: The sharp profit miss and questions over Alphabet's AI spending triggered a sell-off and debate among investors.
Rank over time, top of the chart is #1. 199 snapshots from 2 d ago to 11 min ago.
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
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