Alphabet’s brutal day on the stock market
Alphabet’s share price fell just over 12 percent on Thursday, and UK startup Nscale is banking on a troubled US data centre project to underpin its planned $35bn IPO. Plus, we look at what’s next for the ECB now that its president Christine Lagarde announced she’s stepping down.
Mentioned in this podcast:
Alphabet shares tumble in $500bn rout
Inside the make-or-break AI mega-project behind Nscale’s $35bn IPO
Christine Lagarde to step down as ECB president in February
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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our video producers are Zachary Alfred and Dennis Golin. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Vanessa Brown, Peter Barber and David da Silva. Our executive producers are Charles Bell and Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
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FT News Briefing is a rundown of the most important global business stories you need to know for the coming day. Hosted by Marc Filippino and available every weekday morning wherever you get your podcasts.
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