Google, being one of the top revenue earners over the past decade, has reported that its stocks dropped more than 5%. During the first quarter of this year, they have reported earnings of about $6.27 for every share on revenue, amounting to $15.42 billion through the first quarter. With the said figure, they’ve missed the Wall Street estimate for their earnings that was believed to be on the $6.44revenue per share or about $15.52 billion. The said loss was believed to be because of the continues drop the company is getting from the average cost-per-click, seeing a drop of 9% per year due to the continued growth in ads consumed on mobile devices. Since then, Google dropped its shares from the thousand dollar range to the mid-$500. For more on this, go to the source.
Source: Mashable
