The goliath has finally fallen. Yes, you know who I'm talking about. I'm talking about the overly rated and superbly hyped-up Google Inc. For the first time, Google reported a miss in its earning streak since it went IPO on August 2004. Its shares have already fallen as much as $51USD (11.92%) in the after hours trading.The shareholders have finally realised the goliath is not omni-potent after all and its profit rides the same rollercoaster as any other high-tech company. Google is only better because of its popularity and wide acceptance by the public domains. However, that is about to change as its popularity is at a decline thanks to its stance on the censorship in China, particularly the search engine. This act not only breaks its official motto, "Don't Be Evil", but also creates skepticism amongst long-time Google fans. Is Google a bit better than the evil Microsoft empire? Or, it is just another blood-thirsty vampire aiming all for bottom line and profiteering?
Now, with its profits fall for the first time we'll finally witness the true dark-side of Google, as it tries frantically to please the investors and tap into the gigantic market of China. Only time will tell how accurately Google follows the "Don't Be Evil" slogan!
1 comment:
It'll be interesting to see how Google responds now.
Is its stock price an input to or output of its decisions?
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