Google's $112 Billion Profit: Why Wall Street's Reaction Is a Reminder of Capitalism's Incongruities Google's announcement of its record breaking quarterly profit has sparked an interesting phenomenon in the financial world.
The tech giant's net income soared to a staggering $112 billion, but instead of being met with applause from investors, Google's stock took a hit.
Wall Street seemed puzzled by the company's ability to rake in such enormous profits without adequately explaining how it would generate future revenue.