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google: google, Amazon suffers market charts on sales prospects

San Francisco: The Internet titans Google and Amazon came under an investor's cloud after publishing disappointing sales updates, with the…

San Francisco: The Internet titans Google and Amazon came under an investor’s cloud after publishing disappointing sales updates, with the searcher also on the defensive for allegedly causing sexual misconduct.

Two of the world’s most valuable companies suffered from slides in their stock prices after losing quarterly earnings, reducing the pessimism that was on Asian and European stock exchanges on Friday.

Although both on Thursday reported bumpers winning profits in the last quarter, revenues rose in expectations of Google and Amazon haunted the markets with a so-called forecast for the important holiday season that came up.

“Given the current market background, your performance report must be perfect or your stock will be punished,” said Vic Anthony, analyst at Aegis Capital Corp.

Contributing to Google’s bad day was a New York Times report as a leading employee, Android creator Andy Rubin, receiving a $ 90 million retrieval case he encountered allegations of misunderstandings, and that Google had covered other allegations of sexual harassment.

Google’s CEO Sundar Pichai sent an email to employees who reported that 48 people had been charged with sexual harassment over the last two years, including 1

3 as senior executives and higher, but no one had a retirement package.

Google’s parent company Alphabet said revenue for the third quarter increased 36 percent to $ 9.2 billion, driven by digital advertising gains delivered online and on smartphones.

The alphabet has been working to become more diversified, with its own Pixel brand of smartphones and tablets, it’s Google Home smart speaker that captures market-leading Amazon and cloud computing services, another area where Amazon is strong. “Our hardware efforts are picking up real pace,” said Pichai analyst at a conference call.

But the alphabet’s revenue fell without forecasts and increased by 21 percent to $ 33.7 billion in the three months ending in September compared to the same period last year.

The Amazon share was, for its part, 8.66 percent before Friday’s opening, despite the fact that quarterly revenue grew ten times from the previous year to $ 2.9 billion.

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