Google shares plunge 12.6%, erasing $500 billion in market value
GOOGL Alphabet Inc
$287.38 -0.27%
View chart & analysis → - 1Alphabet Inc. shares fell 12.6% on Thursday, resulting in a $500 billion decrease in market capitalization.
- 2Joseph Carlson decided not to sell his shares despite a $23,400 decrease in the value of his Google holdings.
- 3Google Cloud revenue grew 103% to reach $30.7 billion.
So what's the key point?
Alphabet Inc. shares fell 12.6%, reducing the company's value by $500 billion. Investor Joseph Carlson decided not to sell his shares even though the value of his holdings decreased by $23,400.
Source Benzinga Prediction Markets · View original ↗
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