The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, California, company, with most of the sales coming through Google’s dominance of search and online advertising.
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Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen more than 110%
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Alphabet’s stock price surged nearly 10% in Tuesday’s extended trading after results that beat analysts’ expectations came out. The shares have climbed nearly 50% so far this year, with much of the gains since Google provided a deeper dive into its AI products and strategy.
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Although Alphabet’s total revenue for the period rose from a year earlier, Google’s first-quarter ad sales of $54.5 billion marked a slight decrease from a year ago. That dip followed a nearly 4% decline during the final three months of last year, making this the first time Google has sustained back-to-back drops in year-over-year ad revenue since becoming a publicly traded company in 2004.
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By Samantha Kelly Shares of Google-parent Alphabet fell more than 3% in early trading Monday after a report sparked concerns that its core search engine could lose market share to AI-powered rivals, including Microsoft’s Bing. Last month, Google employees learned that Samsung was weighing making Bing the default search...
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Some 12,000 workers were laid off by Google on Jan. 20. While the extent of the layoffs was staggering, and by far the largest cuts in its history, it was the way the cuts were handled that stunned many inside and outside the company.
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Check out these latest headlines from Google, Amazon, Apple, TikTok and OpenAI.
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Alphabet, the parent company for Google, missed expectations on earnings and revenues for the fourth quarter and full year of 2022.
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Hundreds of workers at Google-parent Alphabet are calling on the company to take steps to expand abortion protections for users and contractors in a post-Roe world, according to a statement Thursday from a union representing the workers. Here are the details.
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