CNBC: “Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems” “GET WOKE, GO BROKE”

CNBC: “Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems” “GET WOKE, GO BROKE”

• 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!!!

CHANGE: After over 18 years on the Board, former Google CEO Eric Schmidt is not seeking re-election at the expiration of his current term on June 19, 2019.

HMM: Is Twitter Fudging Numbers to Hide Their Dwindling User Numbers? Sure Looks That Way.

h/t KOS