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Shares of Google parent Alphabet drop 6% after disappointing ad revenue

Por: New York Post Business January 31, 2024

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Alphabet disappointed Wall Street on Tuesday as holiday season advertising sales came in below expectations and overshadowed the company’s efforts in artificial intelligence and the cloud. Shares fell 6% in after-hours trade. Alphabet has faced tough competition for ad budgets from other online platforms such as Facebook, Instagram, TikTok and Amazon, alongside mixed economic signals in the US. Ad revenue in the fourth quarter was $65.5... + full article



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