Google shares suspended

Discussion in 'other software & services' started by stapp, Oct 18, 2012.

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  1. stapp

    stapp Global Moderator

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  2. Wroll

    Wroll Registered Member

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    I will never understand how these financial markets work. Why a drop of value of these shares because the profits dropped compared with the same period of last year is beyond my understanding. Specially when it comes to Google, a company which doesn't show any bad signs for the future.
     
  3. Hungry Man

    Hungry Man Registered Member

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    The issue here is not so much the drop (they earned more, but less than they'd hoped) but that this drop came with no statement. There was no one there to say "Here's what happened, here's how we plan to fix it".

    The market is very emotional - people get afraid easily and they take opportunities when they can. When something like this happens and there's no one there to reassure them that things will turn around and explain the issues they get scared and the stock takes a huge hit because of it.
     
  4. dvk01

    dvk01 Global Moderator

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    any drop in profits is a bad sign for the future, But I do wonder how much of the drop in share price & profits was deliberately manipulated by Google so the books look worse & lower amounts of cash to pay teh multi-billion$$ fines that teh EU are considering imposing on it
    They want to fine Google 10% of profits
    if lower shares, & lower profits then consequently lower fines
     
  5. Mman79

    Mman79 Registered Member

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    Hungry explained it best really. When you're dealing with paranoid people (the majority of stockholders) and millions or billions of dollars, now matters a heck of a lot more than future. Google isn't untouchable, bad things can happen no matter what the predicted outlook is like.
     
  6. Cudni

    Cudni Global Moderator

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    Despite this thread being suspended as best discussed elsewhere on the net I thank you all for your comments.
     
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