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Google’s Parent Company ‘Alphabet’ Stock Down 7% Over Slow Ad Growth

Alphabet had 103,549 employees in the first quarter of 2019 — up from 85,050 employees in the same period a year ago

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FILE - The Google logo is seen at a start-up campus in Paris, France, Feb. 15, 2018. VOA

Alphabet, Google’s parent company, saw its stock tumbling 7 per cent after the company suggested that recent ad product changes in YouTube and Search are hurting its top-line growth.

Alphabet reported a revenue of $36.33 billion as profits fell 29 per cent to $6.66 billion, or $9.50 per share, in the first quarter of 2019 on Monday.

The profit was affected by a $1.7 billion fine levied by the European Union on Google for violating the European competition law.

“We delivered robust growth led by mobile search, YouTube and Cloud with Alphabet revenues of $36.3 billion, up 17 per cent versus last year, or 19 per cent on a constant currency basis,” Ruth Porat, Chief Financial Officer of Alphabet and Google, said in a statement.

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“We remain focused on, and excited by, the significant growth opportunities across our businesses,” Porat added.

Later, in an earnings call with analysts, she suggested that recent ad product changes – keeping the interest of users’ privacy in mind — have slowed down mobile clicks on YouTube ads.

The company’s hardware and Cloud businesses saw a 25 per cent increase to $5.45 billion.

Alphabet had 103,549 employees in the first quarter of 2019 — up from 85,050 employees in the same period a year ago. (IANS)

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Wikipedia Crosses Milestone Of Having Over 6 Million Articles in English Language

Following the English edition, which hit the five million-mark in late 2015, are the German version with about 2.3 million articles, and the French version, which has about 2.1 million articles

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Wikipedia is available in several languages, but its English version has the most number of articles. Wikimedia Commons

The world’s largest online multilingual encyclopedia, Wikipedia, has now crossed the milestone of having more than six million articles in English language.

The feat, which comes roughly 19 years after the website was founded, is a testament of “what humans can do together,” said Ryan Merkley, chief of staff at Wikimedia, the nonprofit organisation that operates the omnipresent online encyclopedia, TechCrunch reported on Friday.

The six millionth article is about Maria Elise Turner Lauder, a 19th-century Canadian school teacher, travel writer and fiction writer.

Wikipedia, Books, Encyclopedia, Subjects, Hand, Iphone
The world’s largest online multilingual encyclopedia, Wikipedia, has now crossed the milestone of having more than six million articles in English language. Pixabay

Wikipedia is available in several languages, but its English version has the most number of articles.

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Following the English edition, which hit the five million-mark in late 2015, are the German version with about 2.3 million articles, and the French version, which has about 2.1 million articles, the report added. (IANS)