A mounting 'techlash' is hurting Alphabet's profits, and one analyst says spinning off YouTube could be the answer (GOOGL)
Google parent Alphabet reported third-quarter profits that missed Wall Street estimates on Monday. Some analysts expect the tech conglomerate's earnings to suffer going forward as it continues to invest to grow its business.
As a mounting "techlash" and heightened regulatory scrutiny eat away at Alphabet's margins, selling off YouTube could be the answer, according to Needham & Company analyst Laura Martin.
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The rebuke of big tech is starting to tak
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