Fidelity cuts Google stake by nearly a third amid shift to cheaper searches

(Reuters) - One of Google Inc's largest investors has cut its exposure to the company by nearly a third over the past several months amid worries about a shift to cheaper searches on mobile phones. The $107 billion (69 billion pounds) Fidelity Contrafund cut its stake in Google to 5.2 percent of net assets as of Jan. 31, from 7.3 percent of net assets as of June 30. "The firm continued to do phenomenally innovative things, but it is fighting a shift away from desktop search to less-exp