Google's parent reports slowest quarterly growth in 2 years

Google's parent reports slowest quarterly growth in 2 years

2 years ago
Anonymous $33nAR-2OaA

https://apnews.com/29a03f9f5bf19b8f734989a441e9a3af

SAN FRANCISCO (AP) — 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. The array of new challenges facing the industry has already caused the tech-driven Nasdaq composite index to plummet by 26% so far this year.