And More Stock Woes for Google
February 26, 2008
Just making note...related to click data, analysis from Henry here..and Hitwise says "not so fast" things are OK...
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Comments
I didn’t get it seriously, all these reports are unreliable.
There's a guy who commented on alleyinsider, saying "how do you sleep at night? Just 5 months ago you were reporting that Google at $2000 per share was not far fetched: http://www.alleyinsider.com/2007/10/google-to-2000-.html. Now you have the audacity to just trample on them like a cigarette butt."
Too bad for people who eagerly bought at close to almost twice the current stock price, just about 4 months ago.
I wonder, though: does this have anything to do with the fact that ICANN has declared it will put a stop on "domain tasting"? Has Google already broken off its ties to the domain kiting business, or is that yet to come (on top of January's disappointing results)?
I expect that this loss for GOOG will ultimately be a gain for the advertising industry, by flushing out all of the scam artists.
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