Google Posts Drop in Ad Revenue

Summary by Ground News

Google's ad business is the backbone of the company, and revenue slipped there by about 3.5 percent compared to a year ago. Overall profits, meanwhile, dropped significantly: Quarterly net income of $13.6 billion is down 34 percent year-over-year. Google announced a few weeks ago that it is laying off about 12,000 employees.

Published 2 months ago · Mountain View, United States

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