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Google Stock Craters 12% on Disappointing Earnings, Wiping Out $500 Billion in Shareholder Value

By Lucas Nolan 0 views 0 comments
Google Stock Craters 12% on Disappointing Earnings, Wiping Out $500 Billion in Shareholder Value
Image: Breitbart News

Google shares fell 12 percent in morning trading after the company reported its first combined revenue and profit miss in nearly four years, driven in part by a sharp swing into negative free cash flow. The drop, which is the largest in Google's history, wipes out about $500 billion in shareholder value.

The post Google Stock Craters 12% on Disappointing Earnings, Wiping Out $500 Billion in Shareholder Value appeared first on Breitbart.

Breitbart News Original story · www.breitbart.com
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