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    Investors turn on Alphabet after profit miss and ad slowdown●Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spendingMmastodon14412 min ago

    Alphabet shares fell after quarterly results disappointed Wall Street. Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, even as revenue rose to $127.6bn. Investors were rattled by the profit miss, a slowdown in the advertising business that funds most of Google's revenue, and heavy ongoing spending, prompting a sharp sell-off in the stock.

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