Wall Street punished Google on April 30 for managers’ refusal to give details of changes made to its ad platform in first-quarter results, following a rare miss of expectations for revenue due to a cleanup of YouTube content.
Eight brokerages cut their price targets for the platform’s owner Alphabet Inc. after the release of its results on April 29, helping knock 8 percent—or around $70 billion—off one of the New York market’s most popular stocks.
