Google CEO Larry Page declared that the company's full year revenue was up by 29% while its quarterly revenue witnessed a 25% increase YoY at $10.58 billion at the end of the fourth quarter closing on 31st December 2011. Note that this revenue is reported without deducting Traffic Acquisition costs, which was at $2.45 billion or 24% of ad revenue. The company blamed the fluctuation in currency rates for negative impact on numbers, quarter on quarter. Highlights: Google+: The company seemed to be particularly enthusiastic about Google+. The number of users on the company's social networking property, Google+, doubled over the last quarter at 90 million, according to Page. He elaborated that about 60% Google+ users enagaged daily with the site, while 80% did so, on a weekly basis. He said that the product had received close to 200 updates…
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