People who bought Google stock at its peak $747.24 are likely pretty upset these days. Missing estimates is rough enough on a shareholder, and so is losing more than $200 per share (hey, it could be worse, you cold be a Google shares continue to drop.
Yahoo has pushed shares up nearly 50%, coming just a few dollars shy of Microsoft's $31 per share offer. Before word got out this morning, Yahoo shareholders were still lamenting a near 52-week low at $19.18 (which, in my mind, immediately recalled the year of the Spanish flu pandemic, how unexpectedly apropos).
But what was a shot in the arm to Yahoo could also be a kick to Google's shins. The stock had recovered some of the post-
Found an error or have a suggestion? Let us know and we'll review it.
Suggest a Correction
No comments yet. Be the first to comment!