Browsing: Obliterated

Why Alphabet (GOOGL) Shares Are Getting Obliterated Today

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Shares of online advertising giant Alphabet (NASDAQ:GOOGL) fell 6.5% in the afternoon session after its second-quarter earnings report revealed a sharp downturn in cash flow, overshadowing strong revenue growth.The company beat Wall Street’s revenue estimates, with sales growing over 24% year on year to $119.8 billion. However, investors focused on the rising costs of the…