CFO Ruth Porat said during the company's earnings call that Alphabet added 3,455 people during the quarter, the majority of which were technical roles.
In addition to the overall pullback in ad spending, YouTube is also facing heightened competition from TikTok in short-form videos. YouTube shorts now has 50 billion daily views, CEO Sundar Pichai said in a call with investors Thursday. Google's Other Revenues, which includes hardware and non-advertising YouTube revenue, came in at $8.8 billion, up 8% from the year prior.
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Blame Tik Tok tiktok_us
Don't worry just buy the dip it's not like the NQ is up 16% on misses from the top 4 of 5 companies. The ones who gave guidance even said the March reports aren't poised to look much better. NQ to 15k on recession confirmation.
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