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| UPDATED: 2008-01-25 |
Google Stock Plummets, Falling 25%
By: Nathan Weinberg 2008-01-25 Googles stock price has had a terrible month, dropping from $710 on December 26 to $548 on January 23. From the stocks all-time high of... ...$741 on November 6, it had lost 27.68% of its value, well over $50 billion in market capitalization just gone. While the NASDAQ and other tech companies all had a rough start to the year, Google has out-plummeted them all, and failed to recover as well. The stock has rebounded, up $26 yesterday and $8 so far today, but itll be tough to fix a slam this bad. Id leave record highs for GOOG out of your forecasts for the near future, if I were you.
Comments Tag: Google Stock Add to Del.icio.us | Digg | Reddit | Furl About the Author: Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines. Visit the InsideGoogle blog. |
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