Google's Stock Plummets

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Is Google on the Ropes?

Google's stock is in a tailspin. Since Friday, it's down about 10 percent, around $522 per share as of this writing. That's what happens when you miss projections, even though earnings are again on the rise. Earnings of $8.08 missed the mark by two cents and, as reported by Adweek, expenses went through the roof -- to the tune of 34 percent. What is Google paying through the nose for? In large part, employees. Out of fear.

Apparently Google offered two employees a combined $150 million in stock grants to keep them from defecting to Twitter. It's not the first time -- Google previously offered another employee millions to not join Facebook's staff. Then, Larry Page did Google no favors by basically ignoring Wall Street's concerns and questions about the missed earnings and rising expenses.

If it seems like Google has been grasping at straws lately ... it's because they are. What stands out most is the $6 billion hastily thrown at Groupon, which was famously rebuffed. But there's also Google's several failed attempts at "going social" and a recent flurry of algorithm updates.

Of course, Google is not going anywhere, any time soon. But they do look unusually vulnerable.

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6 comments

TedV 04-18-2011 11:12 AM

oogle on the ropes? Thats interesting because they were doing so much hiring lately. They put so much into groupons and missed their target. That's really nothing and Google is here to stay. When I think of Google I think 'search engine' but just think other search engines start moving in and Google SEO ranking loses dominance. Maybe Google IS vulnerable!

Luis 04-18-2011 12:57 PM

Nothing fails like success.

Atlanta Real Estate 04-18-2011 6:48 PM

$169B Market Cap.

Everything has to be perfect to keep living that dream.

JodyG 04-18-2011 11:32 PM

It's just a website.

~ Commented through my Website Magazine iPhone App!

RussellB 04-21-2011 1:04 PM

I would not worry about Google. Right now they own the market and no one release updates and new products like Google. They are a winner and will rise to the occassion

Michael 04-22-2011 11:14 AM

As a stock holder of Google (very little), but more importantly a daily user, I feel that all they are going thru is "growing pains".  They are so much more than just the internet these days and to remain one of the "leaders", they need the best and brightest.

Sure they need to mind their costs more, but they know their market better than anyone, so I am sure they are trying!

Michael

OutMaturity

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