Google Shows a 3% Sequential Dip In Revenues: First One Ever

In other news, while the whole world crashed and burnt in the middle of the crisis, Google grew 6% YoY.

Also, even with the 3% revenue drop, net income increased 9%.

I just finished reading a book about David Geffen (The Operator by Tom King). Apparently DreamWorks-SKG's burn rate for the first few years was $400 million a year, which is actually less than YouTube is costing Google.

Its a global recession where advertising is hit quite badly. I'm actually impressed that:

1. It took this long to take a hit on earnings

2. It's only a 3% dip!