Marketplace · Thursday, October 29, 2026
Kai Risdahl and Kaylee Wells reported that Alphabet shares cratered by nearly 12.5% following its third-quarter earnings report, marking its worst single-day performance since going public 22 years ago and wiping out roughly half a trillion dollars in market capitalization.
“Shares cratered almost 12.5 percent. It's worst day since it went public 22 years ago, give or take half a trillion dollars from its market capitalization just gone.”