Alphabet stock tumbles after company misses expectations on Google ad revenue
Briefly

Revenue, excluding traffic acquisition costs for the third quarter, was $72 billion versus expectations of nearly $71 billion. That's higher than the $63.12 billion the company generated during the same period in the prior year. But investors seemed to focus on the advertising miss.
"Across different teams we have wound down some non-priority projects which will help us invest and operate well in our growth areas," said Pichai. Porat said the company is focused on removing organizational layers to bo.
Read at Yahoo Finance
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