Alphabet sales drop for first time on Google ad cutbacks in pandemic | News

By Paresh Dave and Munsif Vengattil

OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic.

Shares of Alphabet fell 1.2% to $1,518.85 after it released the…