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Google's shares tumble, wiping billions off value
Posted By -NO AUTHOR- On 01/20/2012 @ 9:45 pm In Money | No Comments
(DAILY MAIL) — Google has seen its shares tumble as financial figures from America’s biggest technology firm worried analysts.
Google earned $2.7 billion in the final quarter of 2011, a lower-than-expected increase of 6 percent, after a surprising downturn in the prices the search giant collects for “clicks” on its advertising.
Even though Google’s revenues passed $10 billion for the first time in any three-month period in its 13-year history, shares plunged 9 percent and wiped billions of dollars from its market value.
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