During Tuesday's trading session, Google parent's shares plunged significantly by 10482 pips or 8.13%.
The drop was driven by the slowest revenue growth of the company in three years. The Chief Financial Officer of Alphabet, Ruth Porat, ascribed poor growth to currency fluctuations, unspecified product changes and competition in advertising. Last week, major advertising competitors, such as Facebook, Amazon and Twitter, reported quarterly revenues better-than-expected.
Also, Google is now forced to tighten control on YouTube video service to prevent sponsoring adult or offensive content.
The company claimed that it would meet expectations if currency fluctuations were revised.