-- Google Finance, Govt, Policy and Business Issues
---- Google shares are plunging today
superclown2 - 12:57 pm on Oct 23, 2012 (gmt 0)
Love that Earnings Call. When did Larry Page morph into Stephen Hawking? :-)
He sounded dreadful and there has been a lot of speculation about his health for months now. The guy must be under a lot of pressure with legal cases falling on Google like confetti, imminent possible government action to curb alleged abuses, moves in some countries to oblige the company to pay for content, privacy battles, the first profits fall (with a very worrying drop in average price per click) and and no doubt a whole host of other wierd and wonderful issues we couldn't even imagine.
Plus the resentment of so many people who would just love to see the company brought to it's knees, and who would jump at the chance of helping it on it's way if they could.
Google may well weather these storms eventually but in the medium term the future doesn't look rosy. A lot of investors must be wondering if they should take their profits now or risk losing the lot. I bet the shares will be on a rollercoater for some time now with a huge drop if/when the FTC announce they are proceeding against the company. How will all this affect us, I wonder ....