Alphabet Is on Track for Its Biggest Daily Loss in Market Value

Internet giant Alphabet is on pace to lose more than $162 billion in market cap today, which would mark its largest one-day loss in value ever.

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Internet giant Alphabet is on pace to lose more than $162 billion in market cap today, which would mark its largest one-day loss in value ever.#alphabet #google #shares #news pic.twitter.com/u1agBbfb4C

— The_Journalbiz (@the_journalbiz) October 25, 2023

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Shares of Google’s parent company were recently down nearly 9%, a day after the company reported its latest quarterly results.

The move has Alphabet on track for one of the biggest daily losses in market cap for a U.S. company ever, according to Dow Jones Market Data.

Alphabet stock was up 57% this year through Tuesday’s close

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Source:Bloomberg

Image: Google