Alphabet, parent company of Google and YouTube, disappointed on Thursday with revenue down slightly to $76 billion in the fourth quarter of 2022, as the tech giants appear to be entering the era of frugality after having laid off thousands of people.
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Its net profit came in below analysts' forecasts at $13.6 billion, down from $20.6 billion last year, according to its earnings release.
The title of the world number one in online advertising lost more than 4% during electronic trading after the close of trading.
