Bad Quarter for Google?
Ok, I promise this will be my last Google-related post for the rest of the week. You may have heard that Google stock took a pretty good hit late yesterday after they announced their Q2 results. What amazes me is that they ONLY made $1.25 billion during the quarter, and a lot of people thought they underperformed. In this economy, I believe just about any company would be thrilled with a $1.25 billion profit, but because Google is so dominant, many expected even more. One of the expenses mentioned that was higher than expected were legal fees, which has been touched on here in earlier posts. Google admitted there was softness in some sectors, but also added that their core business will be fine unless “people stop searching for things.” With mobile search growing, perhaps Google will ONLY make $1.5 billion this quarter. There are definitely benefits to being dominant in your field.

