Snapzu Business: Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems

Thursday, 2 May 2019

Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems

Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems

Google has a YouTube problem, according to CFO Ruth Porat. On Monday, after reporting that ad revenue grew 15% versus the 24% it saw a year ago, Google’s parent company Alphabet saw its stock punished. It fell more than 8% Tuesday afternoon. According to Porat, YouTube was one of the culprits.
Read more: https://www.cnbc.com/2019/04/30/youtube-algorithm-changes-negatively-impact-google-ad-revenue.html?source=Snapzu

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