Google in crisis, shares plunge – leaked report reveals profits down by 20%
Well, that’s a bitch!
Shares in Google plunged today after the search giant’s results were accidentally released, revealing that its profits were down by 20 per cent.
Trading in the company’s stock was halted when its shares fell by nine per cent in just a few minutes following the release of its disappointing earnings report.
The report was leaked ahead of schedule when a printing firm working for Google put out an incomplete press release without authorisation from the online behemoth.