Shares in Google’s parent company Alphabet dived by almost ten percent on Wednesday, after the web giant admitted AI-powered searches earn it less money than it earns by serving ads with its old-school search engine.

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[–] 26 points 1 week ago (1 child)

Company whose business model is to sell advertisements for websites tries to eliminate both, doesn't understand where it went wrong.

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  • [–] 5 points 1 week ago

    Google’s revenue from search rose 12 percent year-over-year to $63.25 billion, a little lower than the 14.5 percent growth the company reported in last year’s Q3.

    It's wild that it took a 2.5% search revenue miss to make them wonder if maybe this is actually dumb as shit. 🤔

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