16 Articles
16 Articles
SHARES of Alphabet, the parent company of Google, yesterday recorded the biggest one-day drop in the company's history. Their value fell almost 13 percent, wiping about $500 billion from Alphabet's market value.
Google's search engine has been reliably generating huge profits for the parent company for more than two decades. The prospect that artificial intelligence could threaten this business scares investors. In addition, there is growing concern that the gigantic investments in AI will not be profitable.
Kreiszeitung
Within a single trading day, the Google Group loses nearly $500 billion on the stock exchange. Investors displease two things in the quarterly balance sheet.
The capitalization of the American company Alphabet, which owns Google's search engine, fell by $477 billion in 24 hours. This decline in market value was the largest in the company's history, giving TASS. At 19:30, Alphabet's capitalization on Nasdaq's stock market was $3,459 trillion, while on Wednesday it was $3,936 trillion. The company's stock was declining by 12.07 per cent to $283.04 per paper. The actions began to decline on the market a…
Following a quarterly lower than expected, the title of the parent company, Alphabet, lost 12% in a session L. Article Google's founders lost $60 billion in one day is taken from Forbes Italy.
Company Alphabet, the umbrella company that manages Google, recorded the worst day on the stock market in its history on Thursday. Shares fell nearly 13 percent after the release of third-quarter results, the biggest one-day drop since the company went public in 2004. This surpassed even the big drops of more than 10 […]
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