FinanceDigidayabout 1 hour ago
Alphabet Shares Fall 12.6% on Q3 Earnings
5 min read
On Oct. 29, Alphabet shares fell approximately 12.6%, erasing close to $500 billion in market value after Q3 revenues reached $127.6 billion. While search queries grew, ad revenue dropped to 64% of total revenue, down from 72% a year earlier, as investors questioned the economics of the company's AI transition.
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