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Google stock price sinks on Internet ad-slump fears

Juha-Matti Laurio [PersonRank 10]

Wednesday, February 27, 2008
16 years ago2,656 views

"SAN FRANCISCO, Feb 26, 2008 (AFP) — Google's stock price sank Tuesday in the wake of a report hinting that boom times may be over for the Internet darling's money-making online advertising.

The number of click ads in January was essentially the same as it was in the same month a year earlier, and dipped seven percent from December, a month known for major holiday shopping, according to industry-tracker comScore.

Google's stock price dipped below 448 dollars per share on Tuesday but was 462.55 dollars in after-hours trading at 23h00 GMT, representing a five percent drop for the day.
....."

Link:
http://afp.google.com/article/ALeqM5iI9tIQ7SLaJ2TYjYtjXeeVTkdz-A

Philipp Lenssen [PersonRank 10]

16 years ago #

1 year GOOG chart in comparison with Nasdaq:

http://blogoscoped.com/files/goog-nasdaq-2008.png

http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1204164187000&chddm=98532&cmpto=INDEXNASDAQ:.IXIC&q=NASDAQ:GOOG

/pd [PersonRank 10]

16 years ago #

this dip maybe not be the root cause of online click decline ..there could be other reasons for this....lets wait and watch until tomorrow morning

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