Alphabet Losing $215 Billion in Market Value This Month
- Alphabet sank 13% in April, biggest monthly drop since 2020
- Google parent is expected to report 18% revenue growth in 2022
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Wall Street’s favorite FAANG is mired in its worst monthly stock performance in two years and analysts are counting on earnings to pull it out of the tailspin.
Google owner Alphabet Inc. is down about 13% in April, erasing $237 billion in market value as jittery investors dump growth stocks amid fears of bigger and faster rate hikes thanks to rising inflation.