Alphabet sales drop for first time on Google ad cutbacks in pandemic

OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. With its mostly free tools for web browsing, video watching and teleconferencing, Google unit has become a larger part of many consumers’ lives during the pandemic as lockdown orders force people to rely on the internet for work and entertainment. Google’s ads business has long trended with the broader economy, and the U.S. …read more

Source:: Yahoo Finance

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