Business · 8 hours ago

Google's parent Alphabet loses $500bn in a day as shares fall 12%

Alphabet's third-quarter results showed ad revenue of $82 billion, short of the $83.4 billion analysts expected, while free cash flow came in at negative $9.1 billion. Chief business officer Philipp Schindler blamed slower search ad growth on greater use of AI Mode, Google's chatbot-style search. Investors also fear heavy AI spending, with Microsoft shares rising more than 5% after its own results on Wednesday.

By BriefTea Editorial · 29 October 2026 at 23:42

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