"Alphabet's Ad Revenue Misses Expectations, Stock Slides"

Google parent company Alphabet missed analysts' expectations on ad revenue in its fourth quarter earnings report, causing its stock to slide 4% lower in extended trading. Despite the ad revenue miss, the company reported continued growth in its cloud business, with revenue exceeding expectations at over $9 billion. The earnings report comes after Google recently laid off hundreds of workers and aims to focus on growth areas, including AI, as it seeks to claim additional market share in the cloud computing market.