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Google shares tumble again

Posted on Tuesday, February 07 2006 @ 16:58:56 CET by

Today Google's shares opened at $383.14 but it looks like today will be another black day for the search engine giant.

At press time Google's stock has dropped as much as $16.72 (4.34%).

The reason for the drop is unclear at the moment but since two weeks ago Google's shares have gradually been falling down. Some of the reasons for the drops are:
  • The search engine helped the Chinese government to censor search engine results.
  • Google denied to hand over search engine data to the U.S. government.
  • Allegedly copyright infringement with the Google News and Google Book services.
  • The company's earnings were lower than Wall Street analysts anticipated.



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