Alphabet disappoints on sales as ad business slips after pandemic run-up

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Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google's advertising clients pulled back spending from a period of pandemic-led excess.

, representing about 6% of its overall workforce, and said it was doubling down on AI. Across the company, Alphabet will "meaningfully" slow its pace of hiring this year, said Porat., which is reportedly looking to boost its stake in ChatGPT - a promising chatbot that answers queries with human-like responses.

Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Alphabet's Porat said the company's total capital expenses this year will be in line with last year. As more of its employees work remotely and it consolidates staff, Alphabet expects to pare back its real estate expenses, which Porat said would result in a charge of roughly a half-billion dollars in this year's first three months.

 

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Tesla did great

Maybe people are starting to ask why we are spending 1000+ dollars on a phone. Heck I got a 65” flat screen for $425.

The US is alienating half the world and may have excluded up to three quarters of the world by the time it has finished erecting its Cold War barriers. US producers need to reconsider the path they are on and push back against the military machine.

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