Alphabet Loses $500 Billion in Market Value as AI Threatens Google Search
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Google parent company Alphabet saw its stock price drop 13%, and its market value lose $500 billion Thursday (Oct. 29), marking the stock’s worst day ever, the Wall Street Journal reported Thursday. The drop followed Alphabet’s release of its quarterly results on Wednesday (Oct. 28), which stoked investors’ fears about how the company is being impacted by the rise of […] The post Alphabet Loses $500 Billion in Market Value as AI Threatens Google Search appeared first on PYMNTS.com.
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