Alphabet Stock Plunges 13% in Worst Day Ever, Erasing About $500 Billion as Investors Question AI Spending
Alphabet, the parent of Google, had the worst trading day in its history on Thursday, October 29, as investors reacted badly to a quarter of record spending and negative cash flow. The shares fell about 13 percent, with different outlets reporting 12.6 percent to nearly 13 percent depending on the share class and the close, … Read more