Sound of Falling Google
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.
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I hear chairs cracking and heavy rains in the background, wait a minute, isn’t that Steve Ballmer’s office ;-)
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 :)
$11 billion? That’s nothing compared to what would happen if they had complied with the government!