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Google-owner Alphabet Stock Slips 7%

Shares of Alphabet Inc. (GOOGL) are slipping nearly 7% on Tuesday morning after Snap Inc.'s stock plunged as much as 40% after the social media company cut its revenue and profit forecasts.

GOOGL is currently trading at $2,074.45, down $155.31 or 6.97%, on the Nasdaq. The stock has traded between $2,069.77 and $3,030.93 in the past 52-week period.

Snap dropped below its IPO price and recorded their biggest intraday decline ever, erasing about $15 billion in market value. Several other tech companies, including Facebook-owner Meta Platforms Inc. (FB), Google-owner Alphabet, Twitter Inc. (TWTR) and Pinterest Inc. also recorded drops.

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