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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.

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Wall Street Journal broke the news in New York, United States on Thursday, February 2, 2023.
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