Google Doubles Profits

Google has more than doubled its profits since last year at this time. The doubling of profits has been said by Google to be from the launch of some very impressive products and services into the marketplace.

Google's profits went from $342 million last year, to $721 million this year. This was a historically slow quarter, and Google's growth in the quarter had even shocked Eric Schmidt at a press conference into saying "Google grew at an impressive pace during a seasonally slow quarter".

Google's growth is a stark change to the recent news of Yahoo's fall in the market due to its delayed launch and development of its new ad search service.

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