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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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Here’s What 1.1 mn Children Learn About Santa Claus From Google Every Year

Additionally, search data reveals that there are on average 186,900 searches for 'How old is Santa' and 182,300 for 'Where is the North Pole' every year

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FILE - A man dressed as Santa Claus rides his sleigh, pulled by a reindeer, as he prepares for Christmas on the Arctic Circle in Rovaniemi, northern Finland, Dec. 19, 2007. VOA

A recent report on Internet found that 1.1 million children learn online that Saint Nick is a fictitious character, as the first article in the search says ‘as adults we know Santa Claus is not real.’

When searching ‘Is Santa real’ the first article that is displayed comes from Quartz, which provides parents with advice on how to answer the question, dailymail.co.uk reported on Wednesday.

‘As adults we know Santa Claus isn’t real,’ an introductory sentence of the article reads.

Stephen Kenwright, Technical Search Engine Optimization Director at Rise at Seven, states that ‘Google is ranking this article on Quartz as the no.1 result based on the authority of the domain and reliability of the content.

‘Google’s algorithms choose the answer which best answers the question searched, taking safety into consideration all whilst being factually accurate.’

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Santa Claus dressed for Christmas. Wikimedia Commons

As per report, the results found that voice search technology responses are more creative when it comes to their responses to the query.

Alexa will reply with: ‘All I know is that someone has been eating mince pies and Father Christmas looks like the type.’

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“That’s something I am not allowed to disclause. I mean…disclose,” Siri replied.

Additionally, search data reveals that there are on average 186,900 searches for ‘How old is Santa’ and 182,300 for ‘Where is the North Pole’ every year. (IANS)

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