Mmastodon first seen 19 h ago, last 9 min ago, peak #1
Alphabet shares hit as profit misses and ad growth slows
Original: Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
Alphabet shares fell sharply after quarterly results disappointed Wall Street. Net profit dropped 25% year-on-year to $26.2bn, well below expectations, despite revenue rising to $127.6bn. A slowdown in advertising growth combined with heavy spending on artificial intelligence infrastructure left investors questioning whether the outlays will pay off, prompting a selloff in the Google parent company.
Why now: Alphabet's quarterly earnings badly missed profit expectations, triggering an investor selloff.
Rank over time, top of the chart is #1. 78 snapshots from 19 h ago to 9 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