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.
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All the dot com stocks are
All the dot com stocks are having problems its almost like its 2001 again. We may see big changes like we do every year but this year is just sooo unpredictable. But I tell you this... I am not selling my google until it hits 800! It deserves to be 800 and needs to get back up soon.
I feel their pain.
Google is a service-oriented business. That means they need to be serviced. Whatever that means. ;-) So I'll do my part and go search for and watch the Numa Numa Dance one more time. :-)
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