It's weird for an announcement like this to drop in the middle of a trading day. I wonder if it got leaked, forcing the timing.

And? I bought more. This is excellent news.

This over-reaction is why people can't see over a long time horizon.

This is great news for Google as they realize that Sundar is the problem and he will soon leave Google for Demis to be the new CEO of Alphabet (Google) which I am predicting. [0]

[0] https://news.ycombinator.com/item?id=39868160

In theory I think the stock should be going up because his tenure has found Google getting left behind.