Google stock plunges by $500 billion
Google's stock plunged by $500 billion, news organisations reported.
AI illustrationGoogle's stock plunged by $500 billion, news organisations reported.
The fall was reportedly the roughest day on record for Google's parent company, Alphabet.
The company reportedly spooked investors after it revealed that its own AI search summaries were affecting its advertising revenue. Its stock reportedly hit a six-month low as a result.
Separately, the cryptocurrency exchange Binance was reportedly targeted in a $6.3 billion hack, according to reports on the same day.