Google: The Recession Takes Its Toll

The company's first quarter-on-quarter sales decline shows even the mighty search giant isn't immune to the pullback in ad spending

It's official now: Even Google can't escape the recession. With its first-quarter results on Apr. 16, the leader in Web search revealed its first quarter-on-quarter decline in sales, reflecting cutbacks in online ad spending. Thanks to cost cutting, Google (GOOG) handily beat profit expectations, but it offered no assurance that overall business conditions would turn around anytime soon.

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