The Aporia
The Aporia
Google parent company's stock falls nearly 13% in worst day since company went public. (2026, October 29). CBS News. https://www.cbsnews.com/video/google-parent-companys-stock-falls-nearly-13-in-worst-day-since-company-went-public/
“Google parent company's stock falls nearly 13% in worst day since company went public.” CBS News, 29 Oct. 2026, https://www.cbsnews.com/video/google-parent-companys-stock-falls-nearly-13-in-worst-day-since-company-went-public/.
“Google parent company's stock falls nearly 13% in worst day since company went public.” CBS News, October 29, 2026. https://www.cbsnews.com/video/google-parent-companys-stock-falls-nearly-13-in-worst-day-since-company-went-public/.
Dated from the outlet's own feed. Check the original for its byline.
On October 29, Alphabet's stock price plummeted by as much as 15.8%, erasing more than $500 billion in market value within a single day, marking the company's worst-ever one-day drop since it began trading over two decades ago. The sharp decline was triggered by Google-parent Alphabet missing profit projections and increasing AI spending past $50 billion in the third quarter, causing concerns that such massive investments may not yield sufficient returns. This tech sell-off deepened on October 30, pushing Wall Street towards its worst day since June, with the S&P 500 tumbling 1.8% and the Nasdaq dropping sharply as well.
