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Google Posts First Quarterly Drop in Profits Since Going Public

Discussion in 'Google' started by snowbird, Apr 16, 2009.

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  1. #1
    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/
     
    snowbird, Apr 16, 2009 IP
    kks_krishna likes this.
  2. ETFAffiliate

    ETFAffiliate Guest

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    #2
    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,
     
    ETFAffiliate, Apr 16, 2009 IP
  3. Joshdube

    Joshdube Well-Known Member

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    #3
    Only a drop of $200,000,000, not too bad I guess, haha!

    Josh
     
    Joshdube, Apr 16, 2009 IP
  4. ETFAffiliate

    ETFAffiliate Guest

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    #4
    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,
     
    ETFAffiliate, Apr 16, 2009 IP
  5. www.AmCy.org

    www.AmCy.org American CyberSpace®

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    #5
    I stopped using AdWords at the height of the credit crunch 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
     
    www.AmCy.org, Apr 16, 2009 IP
  6. malcolm1

    malcolm1 Prominent Member

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    #6
    Hello...

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

    laterz
    malcolm
     
    malcolm1, Apr 16, 2009 IP
  7. config_error

    config_error Well-Known Member

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    #7
    this is not bad. let just hope to return to normal.
     
    config_error, Apr 16, 2009 IP
  8. ramiz_aslam

    ramiz_aslam Banned

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    #8
    thanks for usefull info
     
    ramiz_aslam, Apr 17, 2009 IP
  9. technolarity

    technolarity Well-Known Member

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    #9
    That is because of YouTube !!

    They are still trying to make it lucrative and that would reap a lot to Google.
     
    technolarity, Apr 17, 2009 IP
  10. pctec

    pctec Well-Known Member

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    #10
    I feel sorry for them... I do not know how they can possibly put food on the table with loses like that :rolleyes:
     
    pctec, Apr 17, 2009 IP