I'm sure you all know that we're in a recession. Most companies are reporting layoffs and lowered earnings. Of course, if you're living in the bubble that is Google, you don't have $700 shares anymore, but you are doing pretty well financially, according to reports from CNBC and other sources (including the official release). It's as if Google is not in much of a recession at all.
Google has earned $4.92/share in Q3 (excluding one-time items) on a topline of $4.04 billion, according to the report. Eric Schmidt of Google has said "While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term."
Google is lucky, but above all, they earned it. Congratulations to them!
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