Man I am glad I am not a Google investor today..!
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Man I am glad I am not a Google investor today..!
SAN FRANCISCO - Shares of Google Inc. sank nearly 10 percent Wednesday, wiping out billions of dollars in shareholder wealth, after the Web search firm's earnings report disappointed Wall Street and stunned almost everyone who follows its stock, except the company’s founders.
Google co-founders Larry Page and Sergey Brin have always insisted they will run their 7-year-old company the way they want, even if it means ignoring stock market pressures to hit a widely watched earnings target.
Now Tuesday’s release of a fourth-quarter earnings report that badly missed analyst estimates will test their defiant attitude, along with investors’ affection for the online search engine leader.
“This shows that Google is not impervious,” Standard & Poor’s analyst Scott Kessler said Tuesday.
That realization rattled previously bullish investors as Google’s stock price plunged Wednesday, wiping out nearly $12.5 billion in shareholder wealth. That backlash trimmed nearly $3 billion combined from the net worth of Page and Brin, who are both 32.
All I can say is O U C H
Google co-founders Larry Page and Sergey Brin have always insisted they will run their 7-year-old company the way they want, even if it means ignoring stock market pressures to hit a widely watched earnings target.
Now Tuesday’s release of a fourth-quarter earnings report that badly missed analyst estimates will test their defiant attitude, along with investors’ affection for the online search engine leader.
“This shows that Google is not impervious,” Standard & Poor’s analyst Scott Kessler said Tuesday.
That realization rattled previously bullish investors as Google’s stock price plunged Wednesday, wiping out nearly $12.5 billion in shareholder wealth. That backlash trimmed nearly $3 billion combined from the net worth of Page and Brin, who are both 32.
All I can say is O U C H
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From: PHX, 85027 :-D
I still think you cant live life without
www.google/linux
So... I've invested nothing but time, I'll stay on the bandwagon
www.google/linux
So... I've invested nothing but time, I'll stay on the bandwagon
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BlingSlade
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Sep 5, 2015 08:52 AM