Google's second quarter earnings rise, stock jumps
The Mountain View based company now has $43.1billion in cash and assets and counts 54,604 employees (34,311 for Google and 20,293 for Motorola). In after hours trading, Google is up $19 to $606 after closing at $593 during regular trading hours. The 52 week high is $670.25.
source: Google via MobileBurn
1. smdeezy (Posts: 66; Member since: 17 Jun 2011)
Damn! That's a lot of money and a lot of employees!
7. Mxyzptlk (Posts: 2740; Member since: 21 Apr 2012)
Well look at how much of a monopoly they are with searching and advertising. Google brings a lot of traffic which equals lots of money. It's far more complex than that.
8. MeoCao (unregistered)
Google's monopoly is different than Intel's or MS. Google does not use anticompetitive practices and brings a lot of value to the masses. Google dominates search b-c they are better.
11. snowgator (Posts: 3149; Member since: 19 Jan 2011)
What is your definition of monopoly? Bing is a profitable, well supported search engine that has every chance to be competitive. The fact it hasn't yet doesn't mean Google is forcing them out of business. Google is just light years ahead of it's competition.
McDonald's isn't putting anyone out of business either, but it is massively larger than even the #2 fast food place. (Which has always amazed me, considering how their food is plain inedible and vomit inducing.)
3. Non_Sequitur (Posts: 1111; Member since: 16 Mar 2012)
Er mah gerd. I better put a share in Google while I still can. O_O
4. snowgator (Posts: 3149; Member since: 19 Jan 2011)
Come on Google, spread the love will ya???
What a great quarter. Sometimes I forget just how huge and successful of a company it is. Good for them. Imagination and risk taking has really paid off for them.
5. kanagadeepan (Posts: 565; Member since: 24 Jan 2012)
To bring Motorola Mobility to green back, just make its phone come with unlockable bootloaders Google...
Sure the geeks form less than 0.1% of customers... And almost 90 to 95% people don't know difference between iOS and Android... Most of the 90% group (almost 60-65% of them) ask the geeks about "Which device to buy for this budget????" and that less than 0.1% people infuence their decisions...
So please don't take geeks and developers simple and for your goodness UNLOCK THE BOOTLOADERS in Motorola Android phones....
6. MeoCao (unregistered)
I love Google!
10. Edmund (Posts: 633; Member since: 13 Jul 2012)
Earnings and profit both fell short of analyst expectations.