Earnings preview: Google faces turning point in 4Q

January 22, 2009
Associated Press

Google ended 2008 with the most sobering quarter in its 10-year history, and there's little reason to believe the upcoming report will bring much joy to the once high-flying company.

Mountain View, Calif.-based Google sailed through the first half of last year, but has been feeling the economic pain in recent months as more advertisers curtail their spending amid the recession. Furthermore, consumers have scaled back their online shopping — a disturbing trend for Google because clicking on ads accounts for most of the company's revenue.

Read the full AP story here

Posted on Jan 23, 2009 - 12:54 PM


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