Google data centre explored Google is attempting to turn its fortunes around with projects such as the driverless car and the digital glasses worn here by co-founder Sergey Brin The ads are more difficult to see on smartphones, in particular, so marketers are not willing to pay as much for those commercial messages as they do for ads that are seen by people on personal computers.
Another problem for the company, which is overwhelmingly reliant on search-based advertising for its revenue, is that advertisers have slashed payments to the search giant as consumers turn towards mobile devices.
He said the results pointed to a weakening online advertising environment that would affect many ad-based internet firms, adding: The sudden crash on Thursday brought an end to months of nonstop growth for Google Surprise: That could indicate a secular change, especially when it comes to e-commerce searches.
Donnelley also reported a downturn in business earlier this year as more readers chose digitial devices over books.
Adding to an appalling day for the company, YouTube, the video-sharing site owned by Google, appeared to crash completely for several minutes on Thursday afternoon. The future may be no brighter for the firm, as it is set to plow millions into new ventures such as virtual-reality glasses and driverless cars.
Reed Kathrein, of law firm Hagens Berman, said Google could have a negligence claim against Donnelley to recover any costs it sustained in the incident. Its average income per click fell 15 per cent over the three months to the end of September, sparking fears that it is losing traction with advertisers.
The slowly growth in ad revenue is driven by the growing use of smartphones and tablet computers to access the internet. It has closed plants and laid off workers but share prices have slumped since And some analysts have predicted a bleak outlook as web users turn away from Google and start using alternative search methods such as Facebooks and mobile apps.
The stock market disaster overshadowed the Chromebook launch in San Francisco with several reporters running out of the event to cover what had happened. Share or comment on this article: Respected financial commentator David Buik, who has studied the stock markets for 50 years and works for investment firm Cantor Index, said:Jul 24, · Shares in UBS shot up 3% after the Swiss bank reported a net profit of billion Swiss franc ($ billion) for the second quarter.
3. Google powers ahead: Shares in Google's parent company. Oct 19, · Google’s quarterly results, released early by mistake, reflected losses at Motorola Mobility and plummeting prices for clicks on ads.
Google was scheduled to release its earnings after.
Google shares are down more than 9 percent today after the search giant Google Shares Plunge as Earnings Results Leak Early Google blamed its financial printer for the early earnings release. Google surprised Wall Street today by prematurely releasing a lackluster earnings report hours ahead of schedule.
The company's stock.
Google’s third-quarter financial results are out early and its shares are taking a beating because the company missed revenue and net income expectations.
Revenue came in at $ billion for. Oct 18, · Google early earnings release stuns traders Trading in shares of Google were halted nearly two-and-a-half hours in afternoon trading Thursday, before finishing the day down about 8% to $Download