Google revenue

Wedbush says competition has hurt Alphabet’s revenue on Google, but rates the stock as an outperformer

The shortfall in Google’s quarterly report from Alphabet Inc (NASDAQ:GOOGL) may suggest increased competition, though the outlook remains positive, a Wedbush analyst report said Friday. “Increasing competition from Amazon (NASDAQ:AMZN) may impact Google Properties’ revenue, as Amazon product searches and Twitch viewership likely cannibalized Google search and YouTube advertising.” , notes the research note to […]