Sales were about $1 billion behind analysts’ forecasts, sending Alphabet’s stock down by more than 7 per cent, or $92.58, to $1,195. Alphabet, valued at close to $900 billion, is the world’s third largest public company after Microsoft and Apple. Digital advertising through the Google search engine, Youtube video-sharing network and other platforms drive its profits. Last month, the European Commission fined Google €1.5 billion for trying to squeeze out rivals in internet search advertising. Margrethe Vestager, the competition commissioner, said that Google had restricted publishers from displaying rival search…

Source: The Times April 29, 2019 23:02 UTC