Now that’s what I call a bear market.
Analyst Trip Chowdhry claims Google will shrink in annual revenues and profits, slash 10-15% of its workforce, and in the comments on Eric’s post (which I link to above), one guy says Google is cutting its holiday Christmas party in the UK!
None of this sounds reasonable to me. The web will keep growing through this recession. So will Google. Not as fast, of course, but…this feels like the same kind of speculation that inflated the first dot com bubble – only inverted.