Biz: Google’s shares drop precipitously after earnings announcement
- $2.3 billon in profits this quarter, up 18 percent from last year
- 6,000 number of new employees Google plans to add to its coffers by the end of 2011
- 4¢ the amount (per share) Google missed its profit targets by … despite profits being up
- 5% the decline in Google’s stock price today in after-hours trading —over $30 source
- » A tough coming out party: New CEO Larry Page, who started in the position just a week ago, got to feel investors’ wrath the hard way. For what it’s worth, he’s totally optimistic about the changes he has in store. “We’ve really hit the ground running,” he said. “I’m tremendously excited about all of the things that lay before us as a company.”