Mmastodon first seen 22 h ago, last 5 min ago, peak #1
Alphabet shares fall as profit misses and ad growth slows
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 investors: net profit fell 25% from a year earlier to $26.2bn, well below expectations, while heavy spending raised further concerns. Revenue still rose to $127.6bn, but a slowdown in advertising growth and elevated capital expenditure prompted a negative market reaction, with investors questioning whether the company's massive AI-related investments will pay off quickly enough.
Why now: Alphabet's latest earnings report missed profit expectations, triggering a sell-off and debate about its spending.
Rank over time, top of the chart is #1. 89 snapshots from 22 h ago to 5 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
API: https://socialmediatrends-api.osmike.com/v1/trends/4372185