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Alphabet Lost About $450 Billion After Hours Even as Google Cloud Doubled
Source: 247wallst.com
Corporate EarningsCompany FundamentalsInvestor Sentiment & Positioning
Google Cloud profit roughly tripled and revenue reached a record, but Alphabet shares sold off after hours, erasing hundreds of billions of dollars in market value on paper, according to the article. The supplied text says an earnings-report figure explains the reaction but does not identify that figure, so the cause cannot be specified.
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