- Alphabet reported a sharp decline in ad revenue growth Monday, sending the stock down more than 8% on Tuesday.
- Alphabet’s CFO said changes to the YouTube algorithm caused lower engagement and ad revenue growth on the site.
- Ruth Porat was probably referring to changes YouTube made to curb the spread of fake news and conspiracy theories. It shows YouTube is willing to forego some short-term ad revenue for the long-term health of the company.
Youtube Gets Woke Goes Broke Loses 70 BILLION DOLLARS!!!