Ron Burgundy Posted April 22, 2016 Share Posted April 22, 2016 (Reuters) - Ruth Porat couldn't have been clearer: Alphabet Inc's chief financial officer said on Thursday that Google's parent needed to step up investment to boost traffic. Alphabet's shares fell 4.3 percent to $747.36 in early trading on Friday after the company's earnings fell short of estimates, largely because it spent more to build traffic for its mobile advertising services. Analysts, though, focused on the 20 percent rise in revenue from Google's websites, a key metric that met most expectations. View the full article Quote Link to comment Share on other sites More sharing options...
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