Alphabet's earnings falls again as the CEO warns of 'economic challenges.'

Alphabet’s earnings falls again as the CEO warns of ‘economic challenges.’

Alphabet, Google’s parent firm, is losing money for the second quarter in a row, despite bringing in more. Alphabet earned roughly $16 billion in profit during the second quarter of 2022, down from $18.5 billion at the same time last year, according to the company’s Q2 2022 financial report released this afternoon.