Why Google stock is tanking — and where it could go next

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The Street

By Ian Krietzberg Alphabet (GOOGL) – Get Free Report shares fell hard all day Wednesday, slumping around 10% in what became the stock’s worst single day since the onset of the Covid-19 pandemic in March of 2020. The fall continued throughout Thursday, with Google shares pushing down another 2%. This stock stumble came despite a strong earnings beat. Google, riding an advertising rebound, reported revenue of $76.69 billion for the third quarter, above Street estimates of $75.97 billion, a growth of 11%. The company additionally reported earnings of $1.55 per share, above Street expectations of …

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