July 16 (Bloomberg) – Google Inc., owner of the world’s most popular search engine, reported slower second-quarter sales growth after the recession crimped the price of online ads. The shares fell 3.3 percent in late trading.

Revenue rose 2.9 percent from a year earlier, down from growth of 6.2 percent in the first quarter. The average cost of Google ads fell 13 percent from a year ago, the Mountain View, California-based company said today in a statement.

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Tags: search engine

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