Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) fell 12.6% last Thursday, bringing its market cap down $505 billion in a single session. Alphabet now has a negative year-to-date return and is down 30.5% from its all-time high. Here's why investors are reacting so negatively to Alphabet's third-quarter results, and if the sell-off is a buying opportunity for the communication services stock.
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