Hmm, Could Search (Meaning Google) Actually Buck the Economy?Rob Hof
Two new reports appear to indicate that search—and by extension Google—might do better despite the tanking economy than investors may think. And investors are bearish indeed. Google’s stock fell again today, to about a third of its all-time high, despite a big up day for the overall market. The latest knock on Google was an apparently overblown report that the search giant would be laying off up to 10,000 workers (it turns out they’re contractors, it’s unlikely it’s anywhere near 10,000, and Google had already announced its intention more than a month ago during its third-quarter earnings call).
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