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Google’s share price falls despite revenue growth

Share price fell 5 per cent despite a rise in 2010 revenue.

Google recorded a 23 per cent rise in its revenue in the first-quarter of 2010 but whilst profits posted on Thursday were up $54m year-over-year, shares fell 5 per cent as some investors were disappointed that online advertising was not picking up as much pace as expected.

The search engine's annual revenue growth is not back to 40 per cent, which it recorded before the recession, but the latest numbers show a substantial increase from the depths of the downturn at the beginning of 2009. A seven per cent rise in average cost-per-click, which contributes to Google's sales, was also a key indictor for the quarter, according to market analysts.

Google also said it has increased its staff strength to 800 and will hire aggressively this year to focus on increasing revenues from internet advertising.

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We're hiring! Join the New Statesman as an editorial assistant

The NS is looking for a new recruit.

The New Statesman is hiring an editorial assistant, who will work across the website and magazine to help the office run smoothly. The ideal candidate will have excellent language skills, a passion for journalism, and the ability to work quickly and confidently under pressure.

The job is a broad one – you will need to understand the requirements of both halves of the magazine (politics and culture) as well as having an interest in the technical requirements of magazine and website production. Experience with podcasts and social media would be helpful.

The right person will have omnivorous reading habits and the ability to assimilate new topics at speed. You will be expected to help out with administration tasks around the office, so you must be willing to take direction and get involved with unglamorous tasks. There will be opportunities to write, but this will not form the main part of the job. (Our current editorial assistant is now moving on to a writing post.)

This is a full-time paid job, which would suit a recent graduate or someone who is looking for an entry into journalism. On the job training and help with career development will be offered.

Please apply with an email to Stephen Bush (Stephen. Bush @ with the subject line ‘Editorial Assistant application’.  

In your covering letter, please include a 300-word analysis of the strengths and weaknesses of the New Statesman. Please also include 500 words on what you consider to be the most interesting trend in British politics, and your CV as a Word document. 

The deadline for applications is noon on Monday 12th October.