Google's parent company, Alphabet, experiences poor performance in its core search advertising business, with accelerated cash consumption
2026-10-29 18:21:57
According to CoinMeta, and as reported by Reuters, Google's parent company Alphabet reported disappointing performance in its core search advertising business. At the same time, due to the investment of resources in artificial intelligence development, cash consumption accelerated significantly, resulting in a 10% decline in its stock price during after-hours trading.
Source:X
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