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View Full Version : Google Posts First Quarterly Drop in Profits Since Going Public

snowbird
Apr 16th 2009, 2:18 pm
The economy is hurting Google as well. Fourth quarter 2008 revenue was $5.7 billion while first quarter 2009 revenue was $5.5 billion. This is the first quarterly drop in Google's earnings since going public five years ago.

Full details at the URL below:

http://www.msnbc.msn.com/id/30251976/
ETFAffiliate
Apr 16th 2009, 2:24 pm
The economy is hurting Google as well. Fourth quarter 2008 revenue was $5.7 billion while first quarter 2009 revenue was $5.5 billion. This is the first quarterly drop in Google's earnings since going public five years ago.

Full details at the URL below:

http://www.msnbc.msn.com/id/30251976/

All I have to say is look at their stock price closed today at $388.74 and in Q4 of 2008 the low was $257.00. Google is still kicking ass and taking names

Regards,
Joshdube
Apr 16th 2009, 2:25 pm
Only a drop of $200,000,000, not too bad I guess, haha!

Josh
ETFAffiliate
Apr 16th 2009, 2:33 pm
Well wouldn't it depend on your point of view?? I mean if you were an investor like I am, you would be pretty happy.. I bought google at 257 and just sold at 388 so haha is right. lol. Also they still control around 60% of the SE marketshare and in this bad economic time, who has notlost some money?? $200,000,000 to google is like $200 to you or I and thats being generous.

Regards,
www.AmCy.org
Apr 16th 2009, 2:57 pm
I stopped using AdWords at the height of the credit crunch (http://www.wsjprimerate.us/usprimerate-vs-libor-vs-fedfundstargetrate-chart.htm) back in October 2008. I won't use it again until the U.S. economy returns to prosperity, and that could be a long time.

Selling G stock at the end of last year was a good move. Cash is king right now. I also like gold and gold mining companies. When inflation returns, it will return with a vengeance.

As always, IMO.

AmCy
malcolm1
Apr 16th 2009, 4:47 pm
Hello...

Ive heard different on the news today that earning where better then expected
which made the stock jump so who knows...

laterz
malcolm
config_error
Apr 16th 2009, 7:26 pm
this is not bad. let just hope to return to normal.
ramiz_aslam
Apr 17th 2009, 3:42 am
thanks for usefull info
technolarity
Apr 17th 2009, 3:56 am
That is because of YouTube !!

They are still trying to make it lucrative and that would reap a lot to Google.
pctec
Apr 17th 2009, 4:44 am
The economy is hurting Google as well. Fourth quarter 2008 revenue was $5.7 billion while first quarter 2009 revenue was $5.5 billion. This is the first quarterly drop in Google's earnings since going public five years ago.

Full details at the URL below:

http://www.msnbc.msn.com/id/30251976/

I feel sorry for them... I do not know how they can possibly put food on the table with loses like that :rolleyes: