SAN FRANCISCO (Reuters) - Google (GOOG.O: Quote, Profile, Research) on Thursday posted a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.
The Web search leader, one of the hottest technology stocks of 2007, had seen its shares erase last year's 50 percent gain since the start of 2008 on investor concerns that the online ad industry was maturing and vulnerable to a U.S. economic downturn.
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