Google's parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google's parent reports slowest quarterly growth in 2 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. The regression reported Tuesday by Google’s corporate parent, Alphabet, is the latest sign that the tailwinds propelling big technology companies during the pandemic have shifted. But it marked Alphabet’s lowest growth rate since the the April-June quarter of 2020, when the company suffered the first, and so far only, year-over-year revenue decline in its history. Besides the current economic certain, both Snap and Facebook have been hurt by privacy protections that Apple imposed last year to prevent social media services and a wide variety of other apps from tracking people’s interests and locations on iPhones to help sell ads without users’ permission.

History of this topic

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4 years, 7 months ago

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