The CEO of Google, Eric Schmidt said today, that the worst of the advertising recession is over and Google started to see signs of a recovery in May and June.
Schmidt said that the largest U.S. Internet search engine has increased its hiring and investment in anticipation of a recovery.
“The worst is behind us,” he said. “We’re clearly seeing aspects of recovery, not just in the U.S. but also Europe.”
Schmidt also said Google plans to resume its average pace of one acquisition per month of company’s strategic to its businesses, including cloud computing, mapping, search and advertising.
Shares of Google are up over 3% on the news to $515
What recession?
A pessimist sees the difficulty in every opportunity; an optimist
sees the opportunity in every difficulty.”
I want to see next quarter’s TAC percentage, because it is not showing in the payouts.
You misunderstood Eric Schmidt’s comment.
The recession is over for Google, not for us.
They figured out how to get more revenue from the advertisers by giving away our revenue.
Domain
Actually I think they have figured out a way to get more out of the advertiser and more out of us as well
I think the recession hasn’t even begun yet. As long as the bailouts and fraud keeps coming in, there won’t be any recession.