Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – as it happened

Automatically composed with AI from the cited sources

Alphabet's shares fell 4% to $361.10 in early trading, down from a Monday close of $376.37 that valued the company at over $4.5trn. The $80bn secondary offering, the largest on record, will allocate $40bn to AI infrastructure and $40bn to tax obligations from employee equity awards, and includes a $10bn placement to Berkshire Hathaway.