TikTok, YouTube Competition Heats Up
Google Stock Falls
Google stock fell as YouTube advertising growth fell short of expectations amid rising competition with TikTok.
Google Shares Down 17% This Year
In the first quarter, the company repurchased $13.3 billion of Google stock vs. $13.5 billion in the December quarter and $12.6 billion in the September quarter.
The growth of TikTok on the Internet was driven by short videos. That put YouTube upwind, analysts says.
Google stocks falls by 20 % due to Tiktok and Youtube competition heats up
The Stock Is Dropping.
The earnings miss dragged Alphabet shares lower, with the stock down nearly 20% this month alone.
Google earnings report, the stock had shed 17% in 2022 amid volatility in the Nasdaq.
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