Alphabet Shares Plunge 7% Amid Apple’s Search Volume Disclosure
Alphabet Inc. (GOOGL) shares tumbled 7% following Apple’s unexpected revelation about declining Safari search volume. The disclosure, made by Apple’s services chief Eddy Cue, marks the first drop in Safari queries in 20 years—triggering a $155 billion market cap wipeout for Google’s parent company.
The selloff intensifies concerns about the $20 billion annual deal making Google the default search engine on Apple devices. Investors now fear AI disruption could push GOOGL below $150, compounding existing anxieties about tech sector volatility.