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Friday, July 26, 2024

$110 billion set to be wiped off Alphabet’s valuation after Google owner’s advertising revenues disappoint

Shares in Alphabet fell in premarket trading Wednesday as investors reacted to an earnings report that showed advertising revenues falling short of Wall Street’s expectations for the Google owner. The stock was down 6% shortly after 5 a.m. ET — a decline that is set to wipe about $110 billion off …

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