Alphabet’s share price plunges on traffic drop testimony

May 8, 2025

, By The Economic Times

Share via:

Shares in Google parent ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/alphabet” target=”_blank”>Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine’s traffic fell on Apple products last month.Eddy Cue, Apple’s senior vice president of services, testified at an antitrust trial in Washington that Google search volume was losing traffic to AI alternatives such as ChatGPT or Perplexity, according to US media reports.

“That has never happened in 20 years,” legal news outlet MLex quoted him as saying.

Cue was giving testimony in a trial in which US Judge Amit…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Tutorial: Build a Simple MCP Server With Claude Desktop

Next News

Crypto.com opens new office in Washington DC

The Economic Times

Popular

More Like this

Alphabet’s share price plunges on traffic drop testimony

May 8, 2025

, Published By The Economic Times

Shares in Google parent ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/alphabet” target=”_blank”>Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine’s traffic fell on Apple products last month.Eddy Cue, Apple’s senior vice president of services, testified at an antitrust trial in Washington that Google search volume was losing traffic to AI alternatives such as ChatGPT or Perplexity, according to US media reports.

“That has never happened in 20 years,” legal news outlet MLex quoted him as saying.

Cue was giving testimony in a trial in which US Judge Amit…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Tutorial: Build a Simple MCP Server With Claude Desktop

Next News

Crypto.com opens new office in Washington DC

The Economic Times

More like this

Popular

Block title