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Alphabet stock plunges as market value drops by 500 billion

Reporting confirms Alphabet lost $500 billion in a sharp decline, though outlets differ on whether it was the worst single day in company history or in over 20 years.

a wall that has a sign on it
Illustrative photo · Marcus Reubenstein / Unsplash

At a glance

  • Alphabet lost $500 billion in overall market value during a sharp stock decline.13
  • The sharp drop marked the company's worst single-day stock decline in at least two decades.23

Alphabet lost $500 billion in overall value during a sharp stock decline.13

The drop was recorded as the company's worst single-day stock performance in at least 20 years.23

The steep fall represented a significant single-day loss of value for the company.13

Where sources agree

  • Alphabet lost $500 billion in market value2 of 3
  • The stock suffered its worst day in over 20 years2 of 3

Where sources differ

Was the drop the worst day in company history or in over 20 years?

Fortune reported the drop as the stock's worst day in over 20 years.2

CNBC reported the drop as the stock's worst day ever.3

We show both readings and don't pick a side.

Who covered this

1 International2 National

Sources

  1. 1BBC NewsGoogle value plunges by $500bn as AI fears rattle Wall Street ↗
  2. 2FortuneAlphabet’s stock has worst day in over 20 years, dragging the S&P 500 to first loss in four days ↗
  3. 3CNBCAlphabet tanks nearly 13% for worst day ever, losing $500 billion in value ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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