SAN FRANCISCO: The rise of smartphone use to access the Internet and slowing clicks on ads have cut into profits by Google in the third quarter, the company revealed. Shares in Google fell after the technology giant said although overall revenues had risen sharply, underlying performance suffered from a buying spree to recruit top talent. Google said on Thursday its profit in the past quarter dipped slightly from the level a year earlier. Net third-quarter profit fell five per cent to US$2.8 billion (RM9.1 billion), while revenue grew 20 per cent to US$16.5 billion. AFP
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