30-07-2020 22:19 via uk.finance.yahoo.com

Alphabet sales drop for first time on Google ad cutbacks in pandemic

OAKLAND, Calif./BENGALURU (Reuters) - Google parent Alphabet Inc'squarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic.With its mostly free tools for web browsing, video watching and teleconferencing, Google unit has become a larger part of many consumers' lives during the pandemic as lockdown orders force people to rely on the internet for work
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