Falling ad rates, Motorola losses dent Google results

Home Forums Falling ad rates, Motorola losses dent Google results

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    Technology News

    Google signage seen at the company's headquarters in New YorkBy Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc on Thursday reported second-quarter results short of Wall Street's estimates as weakening prices for the Internet company's ads and widening losses from its Motorola mobile phone business weighed on the bottom line. The falling ad prices surprised analysts and investors, who expected recent changes to the web search company's advertising system to help mitigate the effects of an industry-wide shift to mobile advertising. Shares of Google, which had risen to all-time highs in recent weeks, slid roughly 4 percent to $872. …

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