Google shares slump after it warns on ad spending
Google raised fears for the first time that the weakening economy could affect the heretofore soaring growth rate of online advertising spending. Eric Schmidt, the search engine giant's chief executive, warned last night that the company was facing "a more challenging economic environment", compound-ing investors' negative reaction to disappointing profit figures for the last three months....
7/17/2008 11:00:01 PM
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