Slowing down: A woman walking past Google offices in New York. Revenue from Google advertising rose 15% in the first quarter, the slowest pace since 2015. — AP
NEW YORK: 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% during pre-market trading in New York yesterday. The stock closed at a record US$1,296.20 on Monday shortly before its earnings were published.
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