Why has Google slipped off?
Asked by
Steve_A (
5130)
July 16th, 2010
from iPhone
Google is now at 459 but a couple months ago were around 540–580.
Can you explain to me why the sudden dip in July?
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8 Answers
Summer vacation in the US, maybe? More people outside and traveling around as grade schools and universities empty for a few months. Less time on the computer.
Problems in China?
Poor product launches such as Buzz where there privacy concerns and wave where no one knows what it’s for?
Problems with Street View snooping wifi details in Europe so they are risking a large fine in the EU?
As a category, tech stocks are down. Some of Google’s decline is due to missed earnings this quarter, and some is a reflection of Apple’s G4 reception problems. Companies have a quarterly market call with the rating companies in which they communicate earnings, and based upon what they communicate about those earnings, the price can rise or fall.
If you are learning about the stock market, you might find www.marketwatch.com interesting and helpful. Here’s a link to this week’s article on Google and tech stocks.
Response moderated
Problems in China and the ‘buzz” issue? They are cooling things up a bit and then they will come up with the ‘next’ thing for you to get ‘integrated’ – provided you give’m some more of you personal info.
Google makes a lot of money through advertising, and investors are worried that the economy may do poorly. If people aren’t buying things then ad spending drops.
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