Investors pushed down the stock of Google's parent company, Alphabet, more than 7% in after-hours trading Monday after it reported revenue that fell short of analyst expectations. That dip could shave more than $65 billion from Alphabet's market value if it holds when the markets open Tuesday. Google's advertising revenue, its key moneymaker, grew by 15 percent to $30.7 billion — slower than investors had hoped. The fine was imposed in March for anti-competitive practices in Google's advertising business, referring to a specific exclusivity practice Google now says it has ended. Excluding advertising commissions that Google pays to customers, Alphabet's overall revenue was $29.5 billion — also falling short of the $30 billion analysts were expecting.

Source: ABC News April 30, 2019 04:52 UTC