Google’s parent reports slowest quarterly growth in 2 years

By MICHAEL LIEDTKE
AP Technology Writer

SAN FRANCISCO (AP) — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid fears of an economic recession. The regression reported Tuesday by Google’s corporate parent, Alphabet, is the latest sign that the tailwinds propelling big technology companies during the pandemic have shifted into a challenging new direction. In Alphabet’s case, revenue during the April-June period totaled $69.7 billion, a 13% increase from the same time last year.  That was the lowest rate of growth since Alphabet suffered a revenue decline in the April-June period of 2020.