 "Google")
Gloomy results from Alphabet and Microsoft stoked fears of a global economic downturn and derailed an earnings-led surge in stock markets on Wednesday, while setting the tone for results from other megacap technology giants.
Alphabet shares were down more than 8 per cent shortly after Wall Street’s opening bell on Wednesday after the largest seller of digital advertising in the US reported on Tuesday evening that third-quarter revenues grew 6 per cent to $69.1billion.
Except for a brief contraction at the start of the pandemic, it was the slowest rate of growth since 2013 and fell short of analysts’
Except for a brief contraction at the start of the pandemic, it was the slowest rate of growth since 2013 and fell short of analysts’
