, Columnist
Google Reminds Investors Rapid Growth Isn’t Guaranteed
Alphabet’s quarterly results show the potential vulnerability of U.S. tech superstars.
It's almost like 2015 all over again.
Photographer: Justin Sullivan/Getty Images
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Google investors may have had a flashback Monday to the company’s bad old days of 2015.
That year may feel like a distant memory. That was before news cycles were measured in seconds. It was before people were talking in earnest about FAANG stocks and before Mark Zuckerberg had sat through multiple rounds of congressional hearings. Back then, Google’s growth looked as if it hit a wall, and investors didn’t trust the company to spend its money wisely.