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Alphabet earnings show declining sales growth on Digital-Ad Tumult

Google’s parent company Alphabet Inc. had slower sales growth as the global economic turmoil disrupted digital advertising spending.

The company said first-quarter sales rose 23% year-on-year, the lowest rate for the technology giant since late 2020. Meanwhile, the company experienced a period of massive sales growth as both small and large businesses flocked into the advertising market seeking to win customers who spent the early period of the pandemic sequestered in their homes. The company’s sales rose 41% last year.

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