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Alphabet just had its worst day as a public company. BofA now values Google search at a lower multiple than fossil fuel stocks

Published by Fortune · United States 3 h ago

Search revenue missed forecasts and free cash flow went negative. Bank of America now values Google’s core search business at about 10 times earnings, against 18.7 for the S&P 500.

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Alphabet just had its worst day as a public company. BofA now values Google search at a lower multiple than fossil fuel stocks

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