This afternoon Google issued a press release which seems to say very little, on balance, save telegraphing the fact that Google felt its CFO was speaking a bit too loosely yesterday. This is not the first time Google has had to clarify its CFO’s statements. Remember Reyes on click fraud?
Since that statement, Google has made a point of saying that click fraud is really no big deal.
And now, after Reyes sounds the alarm about growth, Google issues this:
We would like to clarify and provide further information on these statements. As we have stated before, monetization improvements will continue to be a key factor in driving future revenue growth. We still see significant opportunities to improve monetization and intend to continue to focus our efforts in this area.
Moreover, as we have stated in our SEC filings, our revenue growth rate has generally declined over time and we expect that it will continue to do so…
Er, is this equivocation? A slap on the wrist via a press release? No matter what, it ain’t good for Reyes. I am quite sure the triumvirate is, well, pissed at him right now. Paging Sue Decker….