Google not phased
Friday, October 17, 2008
By: Alex Jones
Google is optimistic despite the current global economy's uncertainty.
Pulling in 30 percent profit year-after-year Google is precise with their spending and has invested its previous earnings very conservatively. Rather, the company has saved and earned interest on their money resulting in $14.4 billion profit.
Google is also involved in a "currency-hedging" program that saves the company from the fluctuations in currency markets. This program has already started saving the company money.
Another strategy the company uses is avoiding negative notions regarding the current economic situation. Rather, the company keeps a positive outlook on the situation believing that more people will look to Google in the future for bargains online.
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