Google Shares Fall 10% Today

After Yahoo's fall earlier in the week, the market has caught up with Google. G shares have fallen from $440 to $400 today. CNN are running the fall and suggesting that the US Justice Department issue has had an effect (wouldn't have thought so myself) "investors showed concern about prospects for the Internet advertising market and the company's role in a Justice Department lawsuit about Internet searches."

- Y! MyWeb

I suspect BusinessWeek is the culprit

if it's more than a run on tech/search stocks in general.

ABC's of Google ...the "C" is for click fraud.

Is Google Out of Steam?
Downgrading its stock to sell, S&P's Scott Kessler explains why the search giant is vulnerable on several fronts. Key among them: click fraud

http://www.businessweek.com/investor/content/jan2006/pi20060119_9734_pi044.htm


I like this comment

Quote:
I go to Wikipedia if I need "information" and bypass all the enticing advertisings from Google and Yahoo. Sorry, Google and Yahoo don't much referral fees when I am on the internet.

Yikes. Scary thought.


Wiki

I've found myself using Wikipedia more and more as well for information. Partly because it is easier, partly because the results have kind of sucked lately.


Easier?

Only if you have hours to plod thru the horrendously long pages of blather on the Wiki.

That assumes you trust all the people feeding it data as it's not like a real encyclopedia backed by a company with some sort of credibility.

Not sure I can put much trust in something fed by netizens, many of whom I suspect are drunk most of the time.

Can't stand the damn thing myself.


As opposed...

Quote:
That assumes you trust all the people feeding it data as it's not like a real encyclopedia backed by a company with some sort of credibility.

As opposed to Google which only lists sites that contain factual evidence and written by knowledgeable website owners.


Websites

At least with an individual website you have some clue who is responsible for the content and assume a level of trust factor with that person or you don't based on what they write.

Compare this to the Wiki where the author and trust level can vary from word to word, line to line, page to page, you have no clue who did what, when or where.

It's a cornucopia of random input and quite possibly from people that don't know what the hell they are even talking about or have slightly altered the content to be misinformation for agendas only known to themselves.

Yes, it may be useful at times, but I sure wouldn't want to have a thesis paper grade and a college degree riding solely on the assumed accuracy of the Wiki!


Clck Who? Privacy Who?

ABC's of Google ...the "C" is for click fraud.

Don't know if any of you caught the mini-documentary tonight about Google and it's success?
Click fraud had a good mention with a couple of good examples. All was going well for Google in that documentary until click fraud came up. I almost cringed at the thought of what investors or potential ad-sense users may be thinking.

Then there were some chatter about privacy issues and putting the question of this to Marissa Mayer who wasn't really saying anything in the negative or positive in reference to it.
Outside of those two issues the documentrary was failry positive highlighting some of the new technology that Google is working on.


Wikipedia

Isn't that for scraping?


Stock will rebound after earnings call next week

Google will announce terrific numbers for 4Q thanks to changes like the adword minimum bid and i think wallstreet will react positive to it...Anyway just for fun bought 10 shares today :)


There's a significant fall

There's a significant fall in stocks in general:
http://news.bbc.co.uk/1/hi/business/4633720.stm


Fox news reported

It was on Fox news last night that stocks and shares had fallen in general due to problems relating to Iran and the nuclear program which has boosted the price of oil in the global market, plus a couple of fortune 500 companies had posted year end results which was not as good as expected with other large companies not yet posting results seemed to of sparked off panic, with Iran as the 4th biggest supplier of world oil supplies and year end results not looking good had a knock on effect on Wall Street hence shares falling.


G v Nasdaq & Dow


Nice graph, but

... this one gives another perspective, entirely :)


Claus

Yes, there are lies, damn lies and statistics!


IMHO, there is no sensible

IMHO, there is no sensible reason whatsoever that the GOOG stock should outperform the market like that. On the contrary, considering the high level of risk, and the low level of publicly available information about operations, the market should -- all else equal -- outperform GOOG.

As far as I'm concerned it should drop, not 15% but at least 50%, possibly even 66%. It is the world's greatest advertising agency, allright, but that's all. Yes, I know: Search engine, tons of Ph.D.s, datacentres around the world, even a famous chef. It's all very nice and all, but hey, since when does that spell "profit"? I'm pretty sure that the right way to spell it is "c-o-s-t-s". Even "f-i-x-e-d- -c-o-s-t-s". But then, I'm not a Stock Market Analyst.

Wake up Wall Street. Please.


IMHO, there is no sensible

IMHO, there is no sensible reason whatsoever that the GOOG stock should outperform the market like that.

It is all relative though. I mean if the stock would have been valued higher off the start it would not have jumped so much.

It seemed to me that the negative plublicity from insiders on Wall Street tried artificially deflating the IPO value of Google such that they could still get their 15% cut on the flip.

I know Google has grown quicker than the market, but they also have grown faster than other search companies, sell ads more efficiently than their competitors, and web ad growth rate is quicker than the growth rate of the economy or advertising sector.


even a famous chef....

Quote:
even a famous chef

Nah - he's gone - Charlie Ayers left on May 21 2005. Looks like the market viewed that as a good thing

:)

Date - - - - Adj Close

24-May-05 . 256.00
23-May-05 . 255.45
20-May-05 . 241.61
19-May-05 . 239.18
18-May-05 . 239.16
17-May-05 . 233.13

Or maybe it didn't have anything to do with it!! :)


*ROFL* Chris D :)

*ROFL* Chris D :) priceless...

@Aaron: Well, you're right about that of course, but the takeoff was long after the IPO, in may 05 - and the stock price development hasn't just been good, it has been exceptionally great, and that's far too much in my book, even if you include expectations. For one thing they still haven't found the cure for the common cold :)