Search Engine Watch says that Google shares skidded 8.5% or roughly a $11 billion decline in the stock today. In other words, what negative calls from analysts couldn’t do, Government lawyers did with some paper. Still, if you want to hear the sound of $11 billion going poof, click here.
6 comments so far
9:17 PM PT
[...] And finally, Google’s stock apparently saw some down time today, going down by 8.5%. Then again, whats ~$11 billion after all.. [...]
1:54 AM PT
I hear chairs cracking and heavy rains in the background, wait a minute, isn’t that Steve Ballmer’s office ;-)
8:59 AM PT
IMO Google will announce terrific numbers for 4Q thanks to changes like the adword minimum bid and i think wallstreet will react positive to it…Anyway just for fun bought 10 shares yesterday :)
5:38 PM PT
$11 billion? That’s nothing compared to what would happen if they had complied with the government!
4:12 PM PT
[...] Lots of news flying around about Google’s loss of about $11 billion in value on Friday. [...]
5:05 AM PT
[...] Via Om Malik, Google chute lourdement de 8.5% en bourse et perd la bagatelle de 11 milliards de $ de valorisation en 24 heures. [...]
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