Google parent company's stock falls nearly 13% in worst day since company went public
Channel: CBS News
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Read a transcript preview of “Google parent company's stock falls nearly 13% in worst day since company went public” from CBS News, uploaded on 2026-10-29.
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Language: English (original, YouTube automatic captions)
[0:00] Google's parent company, Alphabet,
[0:02] suffered its worst day ever today after
[0:04] its stock fell by nearly 13%. That's a
[0:07] steeper loss than in any session since
[0:10] the company went public in 2004. The
[0:13] drop wipes out nearly $500 billion in
[0:16] market value, and it comes as Google's
[0:18] core search unit begins to feel the cost
[0:21] of the AI buildout and the competition
[0:24] of AI mode searches. Joining me now is
[0:26] financial journalist and CBS News
[0:27] contributor Javier Dvid. So