Alphabet shares fall as revenue grows at slowest pace in three years GlobeTechnology
Alphabet Inc’s Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter, leaving the search giant’s revenue below Wall Street targets on Monday.
Alphabet’s expenses have surged faster than revenue for much of the past two years, concerning some investors amid increased scrutiny on the company’s privacy practices and efforts to restrict advertising on potentially offensive content. Google’s 3 billion users help make it the world’s largest seller of internet ads, capturing nearly a third of all revenue, according to research firm EMarketer. Facebook is at about 20 per cent.Alphabet has said its spending increases are justified, with huge outlays going to offices, data centres and artificial intelligence capabilities in line with the expected demand for its services.
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