Google Loses $13 Billion... Overnight!

[mvandemar]

Wow! And I mean WOW!

First bounced AdSense checks, and now G loses 13 Billion Dollars in one night??

http://smackdown.blogsblogsblogs.com...ees-adding-up/

So... has everyone cached in their Google stock yet?

-Michael

[rcj662]

I think google is over priced to begin with. If google does not beat earnings by alot the stock will fall and it did.

[Cylon]

one time I lost my wallet that had $20 in it. I was super bummed. I wonder what kind of day Google execs are having.

[mvandemar]

Originally Posted by Cylon

one time I lost my wallet that had $20 in it. I was super bummed. I wonder what kind of day Google execs are having.

Recently overheard in the Google men's room:

What do you mean by "it's worse than no open bar at this years Christmas party"? What the hell could be worse than that?

Wait, what do you mean NO Christmas Party??

-Michael

[Trapped]

It's their loss...not mine. Anyway, seems like the "Owning the internet" project is going to fail....right? Isn't it?

[mahmood]

I read the article but still don't know how they lost that 13 Billion. Could somebody explain it to me.

You know I am getting very worried because I have put a hold on my adsense account and it has already got to hundreds of dollars, will I be able to cash it?

[mvandemar]

Originally Posted by mahmood

I read the article but still don't know how they lost that 13 Billion. Could somebody explain it to me.

In what is known as after hours trading (which happens overnight) Google dropped $46 per share. That works out to a $13 billion dollar loss for shareholders.

Originally Posted by mahmood

You know I am getting very worried

You think you're worried? I bet the Google team is freaking out.

Can you imagine the kind of tremors that will shake the internet if Google were to go under, or even have to start laying off...?

-Michael

[XzibitCentral.com]

^ They didnt lose the money, the shareholders lost 13b value of their shares.

There is a major difference - Google didnt accidently add some '000s to someones check which would "losing money" - but the bad earnings report meant their share price dropped and the "value" of the shares dropped.

Google isnt going anywhere, keep that hold on your account

[tuleja]

From $100 to $550 in 3 years, down to $500. I don't think the execs are to worried about the 1 day drop. It's still up 5x in 3 years. Pretty good when the market averages usually only around 10% a year.

It did the same thing in 2006 from $460 to $400 in one day, just one more minor hickup. Overpriced stocks tend to do that from time to time.

Scott.

P.S. Google hasn't lost anything, long term shareholder have just has a little of there huge paper increases drop a little.

[zangief]

It was not in their pocket , they did not lose it from their pocket.It fluctuates this has to be for the players in the stock market to win.

[caj]

Well - it's a good wake up call to Google. They beginning to act like the Big Brother lately - penalizing people without explanation - the JohnChow.com case for example.

I begin to feel really uncomfortable with Adsense after the saga of Google bounced cheque. They didn't disclosed how much publisher get - when the other publishers did.

They play EVIL now

[venetsian]

Wooooooooooooooooow....

WTF people? WTF Google ?

I'm really curious how many people are going to have bounced check next week ??????????? I'm going with electronic transfer f-it ....

Cheers,

Venetsian

[imteaz]

well, i think its not google money, people lose their money who bught their share, but 13 billion is a big money.

[zee]

That's a huge blow but not that huge for Google. They are not going anywhere! They are gona stick around and will eventually monopolize the internet. Don't worry about your accounts. They are pretty damn safe! Remember Google also have a lot of friends in Washington!

[Smithers]

I hope google dies

[Peachy]

Wow, that's alot of money!

[mahmood]

Originally Posted by XzibitCentral.com

^ They didnt lose the money, the shareholders lost 13b value of their shares.

Thats funny, I can never undrestand the logic of stuck market. For example if you ask me nobody lost anything. Share holders had a share on Google and they still have it.

Of course if I bought some share last months and hoped that I would sell it twice the price and bought a Ferrari from that predicted income, I lost - not Google -.

[stickycarrots]

Right now is the time to invest in Google. I'm working on a stock market simulation game, but I don't think it'll be up before the price is back up. Oh well...

[.Essence.]

That's a lot of money

[lorien1973]

http://www.ft.com/cms/s/57e9a43a-364...0779fd2ac.html

Google failed to meet Wall Street’s growth expectations in its second quarter as its expenses increased and revenues from affiliates rose less than anticipated, sending its shares more than 7 per cent lower in after-hours trading.

Google does not provide earnings guidance and its profits of $3.56 per share fell short of the $3.59 predicted by the consensus of analysts gathered by Reuters Estimates. Gross revenues of $3.87bn, up 58 per cent year-on-year, were in line with Wall Street forecasts.