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Originally posted by Apoc
Stupid question...How does Google make money? I mean net advertising can't really generate that much income can it? Is there a tangible consumer product I don't know about?
Google's profit, announced after the market closed Thursday,increased by more than sevenfold to $381.2 million. Excluding advertising commissions, revenue more than doubled to $1.05 billion.
Although it keeps introducing new products, Google's profits remained tied to advertising -- a field susceptible to volatile swings of fortune.