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Google loses $13 Billion of Shares in One Day
Written by aghastpumpkin   
Thursday, 02 February 2006 11:44

Google's reputation as the internet phenomenon that can do no wrong took a new and unprecedentedly severe battering yesterday as investors, stunned by a quarterly earnings report falling far short of expectations, wiped more than 12 per cent off the value of the search engine company's stock.

It was the second time in a week that Google shares - the hottest, most talked about company stock in the world - were plunged unexpectedly into a frigid bath. And although the latest disappointment was more about market expectations than profitability, which remains extremely robust, the shine has come off a company regarded not only as a business powerhouse but a thrilling key promising to unlock the secrets of the digital future.

Source: - The Indepenent 

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