6 months Google parent’s shares dive as YouTube changes, competition hurt revenue MB |Biz
By Reuters Alphabet Inc’s Google on Monday saw its slowest revenue growth in three years from increased competition in advertising, stumbles in its smartphone business and disruptive changes at YouTube that left the leading internet ad company lagging rivals. The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. (REUTERS/Hannah McKay / MANILA BULLETIN) Shares of Alphabet dropped 7.5 percent after hours, setting them up for the biggest one-day drop since falling 8 percent in October 2012. They had closed Monday at a record-high of $1,296.20. Alphabet Chief Financial Officer Ruth Porat ... more