Google shares tumble again

Posted on Tuesday, February 07 2006 @ 16:58 CET by Thomas De Maesschalck

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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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