---
format: "aidr-story-markdown/v1"
id: "634ae1e53a802a42dd71bea0b28ec4148a26d94cdfa927e5f29001ee645236e5"
canonical_url: "https://aidr.today/634ae1e5?lang=en"
title: "Alphabet Closes Down 13%, Erasing $479B in Worst Day Since 2004 IPO"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
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published_at: "2026-10-29T20:21:55.000Z"
category: "Industry"
topics: ["google"]
source_urls: ["https://marketbrief.now/earnings/alphabet-closes-down-13percent-erasing-479b-in-worst-day-since-2004-ipo-14cc4422","https://x.com/DeItaone/status/2115535292950094116","https://x.com/EdLudlow/status/2115799677820088461","https://x.com/firstadopter/status/2115552826986582081","https://x.com/jasonlk/status/2115554572412596299","https://x.com/SeanOKeeffeTLI/status/2115557439139713293","https://x.com/GaryMarcus/status/2115754934998045142","https://x.com/martinvars/status/2115881608372683059"]
summary: "Alphabet closed down 13% on Thursday, erasing $479 billion in market value in its steepest single-day decline since its 2004 IPO and pushing the stock below its death cross. Third-quarter Search and Other revenue grew 12% to $63.35 billion, missing the $64.85 billion consensus and pushing Search below 50% of Alphabet's total revenue for the first time. Long-term debt reached $125.1 billion, up from $21.6 billion a year earlier, after the company raised $28.7 billion in senior notes and $12.4 billion through share sales in the third quarter while halting buybacks."
---

# Alphabet Closes Down 13%, Erasing $479B in Worst Day Since 2004 IPO

> [Open the canonical story](<https://aidr.today/634ae1e5?lang=en>)

**Published:** 2026-10-29T20:21:55.000Z
**Category:** Industry
**Topics:** google

## Summary

Alphabet closed down 13% on Thursday, erasing $479 billion in market value in its steepest single\-day decline since its 2004 IPO and pushing the stock below its death cross\. Third\-quarter Search and Other revenue grew 12% to $63\.35 billion, missing the $64\.85 billion consensus and pushing Search below 50% of Alphabet's total revenue for the first time\. Long\-term debt reached $125\.1 billion, up from $21\.6 billion a year earlier, after the company raised $28\.7 billion in senior notes and $12\.4 billion through share sales in the third quarter while halting buybacks\.

## Sources

- [Story source](<https://marketbrief.now/earnings/alphabet-closes-down-13percent-erasing-479b-in-worst-day-since-2004-ipo-14cc4422>)
- [Story source](<https://x.com/DeItaone/status/2115535292950094116>)
- [Story source](<https://x.com/EdLudlow/status/2115799677820088461>)
- [Supporting source](<https://x.com/firstadopter/status/2115552826986582081>)
- [Supporting source](<https://x.com/jasonlk/status/2115554572412596299>)
- [Supporting source](<https://x.com/SeanOKeeffeTLI/status/2115557439139713293>)
- [Supporting source](<https://x.com/GaryMarcus/status/2115754934998045142>)
- [Supporting source](<https://x.com/martinvars/status/2115881608372683059>)