Alphabet is tumbling after a fourth quarter whiff and names John Hennessy as new board chair


Google parent company Alphabet’s big run over the past few months came to a screeching halt today after it came out with its fourth-quarter results, which fell beneath expectations set by Wall Street for the advertising giant — sending the stock down around 5 percent and shaving off billions in market cap.

While Google owns a massive chunk of the advertising system — and it still continues to print money — it’s found itself trying to diversify itself away from that with a series of other big bets on products like hardware and cloud computing. That’s starting to pay off as growth in its “other revenues” and “other bets” continues to rise year-over-year, but there are still a couple of signs that point to a potentially rocky future for Google.

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