Claire Cain Miller, reporting for the NYT:
Google reported second-quarter results that missed analysts’
expectations for revenue and profit. They showed that its desktop
search business continues to slow and ad prices continue to fall
as it struggles to make as much money on mobile devices.
Revenue is up year-over-year, but profits are flat because the growth is in mobile, and mobile ads are (so far) less profitable.
★ Friday, 19 July 2013