‘Return to mean?’: Alphabet joins tech companies reporting profits slump

Google’s parent company Alphabet has released its Q2 results, joining the list of tech companies that have underperformed against expectations. It recorded around $16bn in profit during Q2, down from $18.5bn year-on-year. 
Google delivered a 13% increase in revenue over the same period in 2021, and its products all tell different stories. Search and YouTube ad revenue all increased over the same period in 2021. However, they were all outpaced in terms of growth by Google’s Cloud