GOOG Stock Grows Mole, Small Moustache
Wall Street’s romance with Google may be exiting the limerence stage and settling down into the not-now-honey-the-game’s-on stage. GOOG opened this morning at $560, which would have been cause for Tanqueray and tango in early 2007.
But after a solid year of record stock prices, which saw GOOG peak at $747 back in September, the Angelina Jolie of companies has seen her stock fall by $187. Imagine Angelina without those wonderful lips, or perhaps developing a Fran Drescher-type laugh.
The steady decline could all be reversed of course, when Google releases its fourth quarter results on January 31st, or it could just make the slope more slippery.
John Battelle predicted Google and Wall Street would have a rocky relationship this year and suggests two reasons for Google’s recent plummet, aside from the possibility the honeymoon is just over, which include a Nielsen’s recent report that the company had lost a small amount of search share for the first time in recent memory, and the generally unstable nature of today’s market.
Indeed, when I looked at my 401(k), after several decent growth quarters, boom, down 4.5 percent. Seems to be a lot of that going around. But I’m sure, like Google probably is, that it’s a temporary bump.