Alphabet Inc. shares, Oct. 29 -- Alphabet's shares came under sharp selling pressure after the company reported third-quarter results that fell short of Wall Street's expectations, with its advertising business raising concerns among investors. GOOG shares plunged more than 10% in after-hours trading on Wednesday, 28 October.

Alphabet shares had been under pressure since the company's July earnings announcement and came under further selling pressure in after-hours trading following its latest results.

Alphabet posted a 25% year-on-year (YoY) rise in revenue to USD 127.6 billion in the September quarter, driven by robust performance in Google Cloud and Search. The technology giant also announced that its annual revenue run rate had reac...