Sergey Brin’s net worth drops $29 billion as Alphabet stock tumbles
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
The fortunes of Sergey Brin and Larry Page took a hit as Alphabet's stock fell over 12%. This decline was fueled by slower growth in Google's fundamental search sector and increasing expenditures on AI projects. Although cloud services demonstrated impressive growth, the company'...
The fortunes of Sergey Brin and Larry Page took a hit as Alphabet's stock fell over 12%. This decline was fueled by slower growth in Google's fundamental search sector and increasing expenditures on AI projects. Although cloud services demonstrated impressive growth, the company's quarterly revenue came in below expectations, heightened by new European regulations and significant AI spending, spurring concerns about future profitability.
Original Source
https://timesofindia.indiatimes.com/technology/tech-news/google-founder-sergey-brin-loses-29-billion-in-single-day-as-500-billion-wiped-out-in-less-than-24-hours-for-/articleshow/135450529.cms
