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Google Continues Slump After Ad Revenue Growth Slows

posted by takyon on Tuesday April 30 2019, @05:00PM   
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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Original Submission

• A few more words (Score: 3, Funny) by ikanreed on Tuesday April 30 2019, @07:25PM

  by ikanreed (3164) on Tuesday April 30 2019, @07:25PM (#836837) Journal

  This is specifically what you get for putting all your eggs in the spy on everyone and think you can control them basket.

  I won't say all advertisers should be shot.
  But no advertisers should not be shot.

  Parent

  Starting Score:	1		point
  Moderation		+1
  Funny=1, Total=1
  Extra 'Funny' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		3