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Despite lingering concerns about its transition to mobile, Google ended 2012 with a strong fourth quarter. As the company reported yesterday, full-year revenues topped $50 billion for the first time last year, while full-year profits soared to new highs of $10.75 billion.
Google’s stock price reacted positively in after-hours trading, reaching $741.50, as the results beat Wall Street expectations. Larry Page, Chief Executive Officer of Google, said:
To put this growth in context, check out this infographic by Statista below.
The US dollar’s gains scored yesterday in the wake of a strong upward revision in Q3 GDP to 5% pared slightly today in extremely thin market conditions. The euro sold to a new 28-month low (~$1.2165) yesterday and is struggling to re-establish a foothold above $1.22. Read more
Joseph E. Stiglitz,
Jeffrey D. Sachs,
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