Google's Earnings-Per-Share Down Drastically Since CEO Sundar Pichai Announced Censorship of Fake News
Alphabet's earnings-per-share has fallen dramatically since Google CEO Sundar Pichai announced the search engine would censor of "fake news." This announcement came right after the election of Donald Trump. Alphabet then missed December 2016 estimates from the Street and has continued a dramatic slope downward ever since.
According to Alexa, Google has also seen a dramatic slump in user time on site. Users are staying on the search engine for shorter periods of time and bounce rate is up. While this doesn't seem like a big deal, these small negatives could equate to big revenue losses for the tech giant.
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STOPI wonder if free market will end up adjusting their policies on free speech, or on the contrary, destroy the company. #goolag
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