Google-parent Alphabet Struggles in Cloud Business as Competitors Thrive Slowing Growth in Cloud Business Google-parent Alphabet‘s cloud business, Google Cloud, experienced its slowest growth in 10 quarters, leading to a 5.7% drop in the company’s stock after hours. Despite surpassing Wall Street estimates for profit and sales, investors were disappointed by the sluggish performance of […]
Alphabet Earnings: Google Parent Stock Slides Despite Profit, Sales Beats Google‘s parent company, Alphabet, posted its third-quarter earnings report, surpassing sales expectations but disappointing investors as the stock experienced a decline. The company reported earnings per share of $1.55 and sales of $76.6 billion, exceeding analyst projections of $1.46 and $76 billion, respectively. The strong […]
Instant Pot Company Files for Chapter 11 Bankruptcy The maker of the popular kitchen appliance, Instant Pot, is filing for Chapter 11 bankruptcy. Instant Brands, which was founded in Ottawa and is now based outside of Chicago, announced the filing in the U.S. Bankruptcy Court for the Southern District of Texas. The company owns the […]
