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Google shares fall on concerns about growth : Fourth-quarter results beat targets; company plans to increase hiring

SAN FRANCISCO (MarketWatch) — Shares of Google Inc. dropped Friday as investors reacted to fourth-quarter financial results that gave some cause for concern about the Internet search giant’s growth prospects.

The shares were down 4% to $560 in early trading. The stock has doubled in value over the last year, but it’s slipped nearly 10% since peaking earlier this month.

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