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Google shares dropped 18 percent during the first month of 2007, falling to $526.53 after a conference call reporting lower profits and sales than expected.
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Google Stock Drops News
- Topix.net: Google Stock Drops
- Google News: Google Stock Drops
- Bloomberg.com: Google Profit Trails Estimates as Advertising Slows (January 31, 2008)
- Google's fourth quarter indicates that Web use may be slowing down as the economy dips. The number of U.S. Internet queries overlal dropped almost 4% in January of 2008.
- FT.com: "Social network sites slow Google" (January 31, 2008)
- Google blamed the slump in shares to a decrease in "clicks" on web advertisements and an inability to effectively monetize social networks.
- Wired: Epicenter: Google Misses Wall Street Estimates, Stock Gets Socked (January 31, 2008)
- Google CEO Eric Schmidt: "I want to call out strong international growth. More than half search traffic is outside the U.S."
