Alphabet's Ad Business Slows to a Trickle. Time to Sell?
Coming into Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) third-quarter earnings report on Tuesday night, there were already signs that growth would be sluggish.
Fellow digital advertising stock Snap said revenue growth slowed to just 6% in its third quarter, and Alphabet management had already warned about macroeconomic uncertainty in its second-quarter earnings report.
Those fears were validated when the Google parent posted third-quarter results that were even worse than expected.
Source Fool.com