Google announced lower than expected financial results late last evening.
The end result: a whopping 8.25% loss – or about $50 bucks chipped off its stock by closing today at the NYSE.
Google might be growing but so are its operating expenses; all $2 billion dollars of it.
Bad timing with the Panda 2.0 release as well: Google has lost 10% of its traffic so far this year, all while Microsoft’s Bing is up by 50% for the same amount of time.
Demand Media lost another 3.92% of its stock value after yesterday’s shocker as well.
Oh, and Happy Friday domainers. 😀
Hip Hip Hooray! 😀
I started using Bing not too long ago…Google can suck it.
The downfall of BS websites