The news: Google’s parent company Alphabet fell short of investor’s expectations in its Q3 earnings.
- Alphabet’s growth has decelerated for five consecutive quarters, with revenues coming in at $57.5 billion, short of the anticipated $58.3 billion.
- The company’s shares have fallen 28% this year compared with the S&P 500’s 23% drop.
- Combined with Microsoft’s earnings report, showing the slowest growth in five years, the tech giants’ performance pulled the stock market down.
- As of…
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