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Google Growth Slows

Apr 17, 2009  •  Post A Comment

Google’s first quarter revenues declined from their fourth-quarter levels, marking the first time that’s happened since the Internet company went public five years ago, the Wall Street Journal reports. Google CEO Eric Schmidt told analysts advertisers are reducing how much they are willing to bid for search ads—behavior he described as “rational” and said demonstrates the resiliency of Google’s auction-based business model.
—Jon Lafayette

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