Google: Amount of unpaid search results dramatically decreasing
When Google recently unveiled its quarterly results, the online giant once again came up with excellent figures. Sales from April to June 2013 rose by almost a fifth to USD 14.1 billion compared to the previous year; net profit soared 16 per cent to USD 3.22 billion. Cash and cash equivalents are now USD 16.16 billion, and the share price is USD 850, 25 per cent higher than a year ago.
But, what is pleasing to Google shareholders is a growing problem for sectors that suffer from the dominance of the seemingly all-powerful search engine, in particular the tourism and hospitality sectors. Google's financial high is largely maintained by the suppression of the "organic" search results that are replaced by those of paid advertisers when displayed on screen. ...