Google Shares takes a beating in the markets

The shares of the search engine giants Google took a massive beating today in the market as the company’s finance chief George Reyes said growth is slowing down. The shares saw a slide of nearly 13%, which marks the biggest loss for the company ever since it launched its IPO.

Reyes said in a statement at a Merrill Lynch & Co. investor conference in New York: “We’re getting to the point where the law of large numbers starts to take root. Growth will slow. Will it be precipitous? I doubt it.”

The company is now working on a new strategy to find ways to grow even further. This comes after Google saw revenue more than doubled since the company first sold stock to the public in August 2004. This would mean that the company would look towards other avenues for their revenues other than selling online advertisements.

Google is already experimenting with placing ads in media beyond the Web, such as print magazines. However, nothing is confirmed for now on how this would be used in the coming times.

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