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Google's Ad-Grabbing Pushes Profit Up 60% by possibly noteworthy at 6:56 am EDT, Apr 21, 2006
"For the foreseeable future, the majority of our growth will be through ads," Google chief executive Eric E. Schmidt said in an interview. The worldwide ad market is $600 billion to $800 billion, and online ads still make up only 5 to 10 percent of that, which means that Google and other online companies could still make massive gains. "We have unmatched reach in audience, and that's why [advertisers] come to Google."
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