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49 Comments
- Insightful, on 01/23/2009, -0/+27Badly written and misleading headline. FTFA, "Total revenue was $5.7bn, up 18% compared with the same quarter the previous year... Net profit for the period was $382m (£275m), down from $1.21bn for the same period in 2007, a fall of 68%... Without the one-off charges on investments in Clearwire Corp and Time Warner, profits actually rose."
- TheFounder, on 01/23/2009, -0/+16Remember this, we're discussing a decrease in profit, not a a loss... big difference.
- inactive, on 01/23/2009, -0/+13"Google, the internet search engine..."
Just in case you didn't know, Google is an internet search engine. - sammyc53, on 01/23/2009, -0/+12Isn't Google Profits still in Beta?
- NathanielJ, on 01/23/2009, -1/+12Not only that, but a decrease in profit because they spent their money investing, not because they had less money coming in.
- rwert, on 01/23/2009, -1/+10Buried as inaccurate -- Google revenues actually rose.
- illepic, on 01/23/2009, -0/+9This just in: Google founders must fall slightly farther whilst diving off the balcony into their Money Vaults at Duckburg.
- idavidtang, on 01/23/2009, -1/+9Good misleading headline + Power User = Front Page
- mentol, on 01/22/2009, -2/+9well they invested ... what'd you expect?
- cubicledrone, on 01/23/2009, -0/+5Yeah, well 11,000 former employees of two PROFITABLE U.S. companies have learned in the last 48 hours the value of working for an American company.
- libertao, on 01/23/2009, -0/+5They have the internet on computers now?
- DirtyVicar, on 01/23/2009, -1/+6The Internet has ads? Guess I probably shouldn't uninstall Adblock.
- illepic, on 01/23/2009, -0/+5Duck Tales has forever altered my sense of monetary value. Instead of "dollars" can we discuss this in "money-vault-depth"?
- merreborn, on 01/23/2009, -0/+5Not a terribly descriptive headline to begin with.
Anytime profits are down, it's either lower revenue or higher costs. - anteyekon4myst, on 01/23/2009, -0/+5...so they're still making money.
- mfritze, on 01/23/2009, -1/+5Well researched BBC... and then changing the headline without any correction.
- Biks, on 01/23/2009, -1/+5Is this why I'm making less with adsense? :-P
- UselessTrivia, on 01/23/2009, -0/+4Isn't adsense sold by auction? Ads are probably just selling for less these days.
- kingmanic, on 01/23/2009, -0/+4It is obviously Skynet.
- l034me, on 01/23/2009, -0/+3My sarcasm meter has taken this Friday off...
Here is what DirtyVicar is talking about:
https://addons.mozilla.org/en-US/firefox/addon/186 ... - murrdpirate, on 01/23/2009, -0/+3Google doesn't lose money when their stock goes down; the shareholders do. People had extremely high expectations for Google and the stock went up too much, too quickly, so it is correcting itself.
- str3ama, on 01/23/2009, -0/+3don't worry they'll pass off the profit loss to adsense publishers, shaving off earnings to keep for themselves to use to inflate and treat their financial wounds.
- NJank, on 01/23/2009, -0/+3new vault or old vault? I'd wager that loss as about 7 inches.
- ashwinmudigonda, on 01/23/2009, -0/+3Seriously. It's only profits that fell. They didn't exactly make losses. Why can't companies take it in their stride and move on? Why should they cut jobs because PROFITS fell? The company can make payroll, right? They can afford the rent, etc? So they should cut on the bonuses and stocks and *****, but why layoff? I don't get that.
- onigoroshi, on 01/23/2009, -0/+2Do people click through to read the article anymore?
- slantyeyed, on 01/23/2009, -0/+2so google's paid all their bills, everyone's salaries, pull even and are mad that they don't have as much money left over as they used to?
- TjLAXattack, on 01/23/2009, -0/+2Google stock is up 6.78% today...
- jsdratm, on 01/23/2009, -1/+3My websites' adsense revenue has plummeted this and last month, probably due to the lack of advertisers
- whysooseriouss, on 01/23/2009, -0/+2Misleading title - voted down!
- BrentL, on 01/23/2009, -1/+3"...announced up to 5,000 redundancies". Apparently "redundancies" is the word for layoffs in the UK. Funny.
- idavidtang, on 01/23/2009, -2/+4Probaby lied on some profit recognition due to all that spending in bulding their Google Death Sta..I mean Google Space Project.
- jorisb, on 01/23/2009, -0/+2I noticed that since Adblock version 1.0 came out I don't see any google ads anymore. I actually don't mind google ads, sometimes I even used them to find stuff I was looking for.
- NJank, on 01/23/2009, -0/+2TONS
- hiro, on 01/23/2009, -0/+2"Layoffs" appears to be the Amerenglish word for redundancies. Even funnier.
- BESTenemy, on 01/23/2009, -0/+2Regarding the decrease of profits not being as bad as taking losses argument, let me clarify it for the economically-challenged.
All depends on the company's long term investment strategy.
If I was bulding a factory over the course of 4 years, I'd have to determine the needed production capacity based on current demand, projecting it for the completion date. If during the construction the market demand for the product decreased, my losses would compound with every passing year. Upon completion a section of the factory would have to be idled. It could be 10%, 20%, half of it or whatever. Could even be that there wasn't actually a need for expansion. Not even having started the manufacturing, I'd roughly know whether building the factory was worth it, or if I'd have to file for bankruptcy without ever opening its doors, dragged under by the construction related debts.
"Decrease in profit" is just as harmful for companies as actual losses, if their long term investment strategy did not account for sudden changes in the economic activity.
Hyper-expanding nations like China don't even have to go to zero growth in order to go bankrupt. It takes a little but sudden reduction of GDP to completely obliterate all future expenditures and increase defaults.
Most companies take out loans or issue stock to provide cash flow for the internal operations. If the expansion assumes growth that never materializes, then the company could owe money in excess of future profits even before the actual profits reached zero. Investors could grow suspicious of their prospects and pull out the investments, or the banks could call in their loans. The company would be dead. No losses necessary - just a drop in profits in exccess of future obligations. - libertao, on 01/23/2009, -0/+2Well this is a great way to test ;-)
- NathanielJ, on 01/23/2009, -0/+2What's a search engine?
- Bamboolemur, on 01/24/2009, -0/+2I'm sure Google is doing fine. Have you seen some of the inflated prices per keyword for google adwords??????
Up to $18 per click for certain keywords. And on top of that, a very low conversion rate. - cubicledrone, on 01/23/2009, -1/+3Blocking ads from Google, which are some of the most unobtrusive and often useful ads on the web, is basically spite, and nothing more.
Google has done more to promote professional content on the web than any other company and their ads never interfere with the content of a site, because they aren't allowed to.
Also, if you use Google for anything but block their ads, you're a hypocrite. 'nuff said. - jailboundhorse, on 01/23/2009, -0/+2Not B, Ricky Ponting?
- KIERANMULLEN, on 01/23/2009, -0/+2They could really lower the free account to 25 accounts but at the same time $50 per user per account is pretty high I think...
- NJank, on 01/23/2009, -0/+1losing stock value is usually a result of profits being down, not the other way around. Well, there can be a convoluted path of consumer confidence affected by stock price reducing sales, etc., but I don't think we saw that here.
- CookieOfFortune, on 01/23/2009, -0/+1When did they ever?
- inactive, on 01/23/2009, -1/+2rain
- jgk32dd, on 02/24/2009, -0/+0I have bought google profits, you can read my review here - http://www.squidoo.com/googleprofitsreview1
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