Larry Page

Latest moves

Nov 2, 2026 edition

Larry PageIPO / MarketsAI & techGOOGLAI read · ▼ Earnings miss

Alphabet shares drop 8% despite record revenue

The move

Alphabet, where co-founders Larry Page and Sergey Brin remain large shareholders, reported Q3 revenue of $127.6 billion on Oct. 28, up 25% from a year earlier and just short of the roughly $128 billion analysts expected. Google Cloud revenue roughly doubled to $30.7 billion, up 103%, with its operating margin rising to 36.2% from 23.7%. Net income fell 25% to $26.2 billion, as an $8.7 billion loss on equity investments cut diluted earnings per share to $2.12 from $2.87, well below the nearly $3.00 Wall Street expected. Capital spending rose 114% to $51.4 billion for the quarter, pushing free cash flow to negative $9.1 billion. Shares fell 8.25% in after-hours trading, testing the $300 level.

Why it matters

It's a reminder that heavy AI spending and volatile investment gains can swing Alphabet's bottom line even when its core advertising and cloud businesses are growing fast.

The bear case

Revenue and cloud growth both topped last year's pace, and the earnings miss was driven mainly by a one-time investment loss rather than a change in the underlying business.

What to watch

Whether Alphabet's capex keeps climbing when it reports Q4 results.

Source · XTBRead original ↗Report an error

Oct 30, 2026 edition

Larry PageIPO / MarketsAI & techGOOGLAI read · ▼ Miss despite growth

Alphabet profit misses as cloud revenue doubles

The move

Alphabet reported Q3 2026 revenue of $127.6 billion, up about 25% from a year earlier, with Google Cloud revenue roughly doubling to $30.7 billion. Diluted earnings per share were $2.12, below the $3.01 analysts expected. Shares fell more than 12% the next trading day.

Why it matters

Investors focused on the earnings miss and rising AI infrastructure costs even though cloud growth accelerated sharply.

The bear case

Cloud revenue growth of around 103% suggests the long-term AI buildout is paying off, and one quarter's EPS miss doesn't erase that trend.

What to watch

Alphabet's next earnings report, expected in late January 2027.

Source · 9to5GoogleRead original ↗Report an error

Oct 21, 2026 edition

Larry PageOtherAI & techGOOGLAI read · — Embarrassing outage, not a financial hit

Google Cloud outage knocks out UK banking apps

The move

A Google Cloud outage in its London region (europe-west2) on Oct. 20 disrupted banking apps and other services across the UK and Europe for several hours. Google attributed the disruption to a power event in one zone. Lloyds, Halifax, HSBC and Revolut customers reported being unable to log in or access funds, and court video hearings and delivery services including Royal Mail and DPD were also affected. Google said the issue was mitigated for most customers by the next day, though a small number remained affected.

Why it matters

The outage shows how concentrated some of the UK's banking infrastructure is on a single cloud provider and zone.

The bear case

Google said the root cause was a physical power failure, not a security breach, and most customers recovered within hours.

What to watch

Whether Google publishes a post-incident report naming additional affected customers.

Source · ABC NewsRead original ↗Report an error

Oct 13, 2026 edition

Larry PagePropertyAI & techGOOGLAI read · — Growing pains

Google defends $15B India AI data center amid water fears

The move

Google is building a $15 billion, gigawatt-scale AI data center in Visakhapatnam, India, set to open in 2028 and billed as its biggest AI hub outside the US. Local residents and activists have protested over water supply (local reports put daily supply at about 410 million liters against roughly 480 million liters of demand) and added power demand. Google says it chose air cooling over water cooling in response and has pledged to replenish 120% of the freshwater it uses globally by 2030.

Why it matters

It highlights the tension between the AI buildout's enormous resource needs and pushback from communities hosting the infrastructure.

The bear case

Google's water pledge is a global, aggregate commitment, not a guarantee for Visakhapatnam specifically, and activists want a full moratorium on new data centers in the state pending further study.

What to watch

Whether the project proceeds on its 2028 timeline amid continued local opposition.

Source · Gulf NewsRead original ↗Report an error

Oct 7, 2026 edition

Larry PagePolicyAI & techGOOGLAI read · ▼ Bearish

Google loses bid to limit $3.2B ad-tech damages claim

The move

A federal judge in New York, Kevin Castel, ruled on Sept. 30 that a class of roughly 5,000 publishers can pursue about $1.7 billion in damages from Google over its AdX ad exchange, with USA Today separately able to seek about $1 billion (before trebling) and Daily Mail General and Trust about $600 million. The judge rejected Google's challenge to the damage calculations and dismissed claims from publishers using different ad-buying tools. The case builds on a 2023 Justice Department lawsuit in which a Virginia judge already found Google illegally monopolized ad-tech markets.

Why it matters

This moves Google's ad-tech liability from a legal theory into dollar figures a jury could actually award, and antitrust lawyers say the ruling increases pressure on Google to settle rather than go to trial.

The bear case

Under U.S. antitrust law, damages can be tripled, so the publishers' claims could realistically be worth far more than the headline $3.2 billion if a jury sides with them.

What to watch

Whether Google moves toward a settlement with the publisher class before a trial date is set.

Source · Insurance JournalRead original ↗Report an error

Recent SEC filings

No SEC filings in the last 90 days.

Form 4 insider trades post within 2 business days. 13F fund holdings can arrive 45 days after quarter end. New to filings? Read Filings 101.

Footprint

Prices via Finnhub · as of Nov 11, 2026 12:24 PM ET. For information only.

What to watch