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COMING UP:Share Opener Variant 2

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00:00:00
Google's parent alphabet missed Wall Street estimates for first quarter revenue on Monday posting its slowest growth in three years the disappointing earnings report comes after its rivals for ad dollars Facebook Snapchat Amazon and Twitter all posted results that were in line or above analyst's expectation last week so investors dumped shares in after hours trading pushing the stock down over seven percent Reuters reporter perished Ave I think what we see here is %HESITATION investors sort of concern that in the future it seems like there's going to be more privacy constraints put on tech companies to limit their ability to track users and celebrate these really lucrative targeted ads and there's gonna be more pressure on the companies to really step of moderation of content on places like you too all of that's going to increase costs on the one side and push down revenues on the others on the other side and investors are worried that this is the start of it Google and its rivals are all facing rising costs as the deal with data privacy issues for example advertisers want tighter controls on you too so that they don't appear to be sponsoring adult or offensive content and in the first quarter off with expenses also included a one point seven billion dollar fine from the European Commission grabbing placed anti competitive advertising restrictions on websites using it searches about eighty five percent of alphabets revenue comes from Google ad business which sells links banners and commercials across its own websites and apps and those of partners chief executive center which I said revenue slowdown should be expected as the company focuses on the long term I'm going to invite