Tuesday, November 08, 2005

How much money can they make? a Google...

In an unprecedented move, Congress has convened an investigative committee to audit the business practices of Google after reports of “windfall profits” and possible price gouging.
Analysts estimate that Google profits nearly 24.2 cents per dollar of sales revenue; compared with other industries these figures are staggering. Oil companies for example make (on average) about 9 cents per dollar of sales, banking averages about 15 cents… During these economic times---on the heels of multiple natural disasters and possible disruptions of supply of advertising—the attorney general wants to ensure that Google is not gouging consumers in order to pocket record profits for greedy executives of “Big Internet Search Engine.”

What will these greedy executive do with their money? Apparently, they will buy a 767…


Post a Comment

<< Home