Google stock drops 4 percent as advertisement rates fall again

Dec 21 2013

People visit Google's stand at the National Retail Federation Annual Convention and Expo in New York(Reuters) – Google Inc shares tumbled 4 percent on Friday as Wall Street ignored the Internet search giant’s plans to split its stock and focused on a decline in advertising rates and other worrisome business trends. Google’s search advertising rates declined more sharply than expected during the first quarter and the company increased payouts to partners. This deepened concerns about Google’s growth prospects among investors already nervous about its planned $12.5 billion acquisition of smartphone maker Motorola Mobility Inc. …

Related Blogs

    Originally posted 2012-04-14 22:25:09. Republished by Blog Post Promoter

    No responses yet

    Leave a Reply