Crypto winter is hurting Google’s ad empire

Crypto winter is hurting Google’s ad empire

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis.

Artur Widak | Nurphoto | Getty Images

Not even Google is immune from the Crypto winter.

In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s chief business officer, blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms.

“In the third quarter, we did see a pullback in…


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