Google Has Its First $50 Billion Year

It looks like 2012 was a pretty good year for Google. The company hit $50 billion in annual revenue last year for the first time ever thanks in part to the strength of its fourth quarter earnings. Google generated $14.42 billion in the December quarter, an increase of 26% from the same quarter in 2011, and beating Wall Street's estimates of $12.36 billion in revenue for the quarter. By comparison, Google generated just under $38 billion in revenues in 2011. "We ended 2012 with a strong quarter,"...