Google Posts Slowing Sales Growth https://www.wsj.com/articles/google-alphabet-googl-q1-earnings-report-2022-11650991976
“Google parent Alphabet Inc. (-3,59%) posted slower sales growth as global economic turmoil disrupted digital advertising spending, which has already been easing after pandemic-fueled highs.
The company said first quarter sales rose 23% from the year-ago period, the lowest rate for the tech giant since late 2020. The company at the time saw a period of massive sales growth, as small and large businesses alike flooded into the ad market seeking to win customers who spent the early period of the pandemic sequestered in their homes. Company sales advanced 41% last year.
Rising inflation, supply chain disruptions, Russia’s war on Ukraine and other factors have weighed on the economic outlook and, analysts say, companies’ appetite to spend on ads. Snap Inc. said last week that those pressures affected its financial results in the most recent quarter and could dent the ad market going forward.”
I now regret buying Google at $2550 but this will be a good opportunity to still DCA down the entry price. If you haven't bought Google yet lucky you.
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