AIBBC Technologyabout 2 hours ago
Wall Street fears slash Google value by $500bn
2 min read
Google parent Alphabet lost just over $500bn in value on Thursday after revealing AI summaries on search affected ad revenue. Total revenue grew 25% to $127.6bn, but profits fell 25% with negative free cash flow exceeding $9bn. Stock hit a six-month low, dropping to $3.46 trillion from $3.97 trillion.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyGoogle
