Alphabet Shares Plunge More Than 10% After Earnings
Alphabet shares fell more than 10% Thursday morning, putting ETFs with large holdings in the company under pressure after its latest earnings report.
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03:25:21 PM UTC
SquawkNews
Google parent Alphabet Inc. (GOOG, GOOGL) is on track to erase more than $600 billion in market value in October after its stock tumbled following Wednesday's disappointing fiscal third-quarter (Q3) earnings report.According to FiscalAI data, Alphabet's market capitalization fell approximately 15.9…
Alphabet NASDAQ:GOOG shares plunged more than 10% Thursday morning, putting exchange-traded funds with large positions in the Google parent under immediate pressure following its latest earnings report.The selloff followed a quarter that left investors wrestling with a familiar problem: Alphabet's…