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Google Continues Slump After Ad Revenue Growth Slows

posted by takyon on Tuesday April 30 2019, @05:00PM   Printer-friendly
from the eyeball-bubble dept.

Phoenix666 writes:

Bloomberg:

Alphabet Inc. reported first-quarter revenue that missed analysts' estimates and sparked fears that advertisers are shifting some spending to digital rivals.

Shares of Google's parent company were down 7.8 percent during pre-market trading in New York Tuesday. The stock closed at a record $1,296.20 on Monday shortly before its earnings were published.

Sales came in at $29.5 billion, excluding payments to distribution partners, Alphabet said in a statement on Monday. Wall Street was looking for $30.04 billion, according to the average of analysts' estimates compiled by Bloomberg.

Lookout, Google, there are many other peeping toms who want a turn looking at our data.

See also: Alphabet had more than $70 billion in market cap wiped out, and it's blaming YouTube

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  • (Score: 1, Insightful) by Anonymous Coward on Tuesday April 30 2019, @06:38PM

    by Anonymous Coward on Tuesday April 30 2019, @06:38PM (#836801)

    can't go bankrupt soon enough. and take youtube with you on the way down.

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