GOOG: Up 24 points and Rising

Sure, the earnings were great. But a 24 point jump in morning trading? This is starting to feel bubbly….

Sure, the earnings were great. But a 24 point jump in morning trading? This is starting to feel bubbly.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

3 thoughts on “GOOG: Up 24 points and Rising”

  1. And at $180 a share a few minutes ago plus 39 million shares coming into the market on nov 15 plus 25 million more on dec 15, this is really setting them up…

  2. Don’t underestimate the stranglehold they have on high-converting traffic, the lifeblood of global ecommerce across all major verticals.

    Google has monopolized, in a few short years, the majority of the world’s virtual foot traffic, and that is worth a lot of money.

  3. I think their stranglehold is in brand awareness, not conversions. For US resort cottage rentals, Yahoo and MSN are known to outperform in percentage of conversions. (But none hold a candle to the old NBCi SNAP.)

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