Thursday, 2 February 2023

Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending

Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.

from Gadgets 360 https://ift.tt/dIuGrS4

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