Published 4 years ago • loading... • Updated 4 years ago
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.