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Google stock dives – Demand Media loses more steam


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. πŸ˜€

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3 Responses to “Google stock dives – Demand Media loses more steam”
  1. Shawn says:

    Hip Hip Hooray! πŸ˜€

  2. SPK says:

    I started using Bing not too long ago…Google can suck it.

  3. BullS says:

    The downfall of BS websites

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