Today's New York Post ran an article titled, "Google profit soars 27% on $5.94B in sales," and quotes CEO Eric Schmidt signaling "better days ahead."
Google makes it money on advertisers, yet in a recession, normally one of the first areas to be cut back is advertising. So Google, how do you do it?
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The Hartford Courant also mentioned this (from the Associated Press); it goes so far as to say that "Google is considered a good barometer for the state of Internet commerce because its search engine serves as the hub of the Web's largest advertising network."
ReplyDeleteWe should stop paying attention to Wall Street and start paying attention to Google.
Question: Whom does Google serve?
ReplyDeleteAnswer: Google.