google: Find something new

Google has said it wants to increase its operating income every single quarter, and the internet search group routinely does. But it didn’t in the second quarter. Google says this is due to temporary problems caused by the seasonal nature of ad spending and by its own fast growth. But problems in the search market might be broader. At first glance, everything looks fine. Revenues rose 6% over the first quarter of the year. Most companies would kill for that sort of growth. But margins were more...