Google Loses $70 Billion Unlisted Video

Alphabet's stock slid by almost 8% in pre-market trading, slashing the market cap of Google's parent company by about $70 billion to $831 billion. Alphabet reported a 17% rise in first-quarter revenue, its slowest sales growth in three years. Earnings per share of $11.90 bested consensus forecasts, excluding a €1.5 billion fine ($1.7 billion) by European competition regulators. Growth in Google's advertising sales and paid clicks slowed, and cost-per-click fell 19%.