Tech giant Alphabet (GOOGL 0.46%) (GOOG 0.29%) is commonly associated with Google’s digital advertising business. After all, advertising income accounted for $54.5 billion of Alphabet’s $69.1 billion in third-quarter revenue.
So on Oct. 25, when the company reported disappointing Q3 earnings in its ad business, the result propelled a stock price decline, reaching a 52-week low on Nov. 3.
The sell-off is an understandable reaction to Alphabet’s modest 2.5% year-over-year Q3 ad revenue…
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