A $25.74 drop in Google's share price, to $364.50, followed statements from its CFO that the company's growth is slowing. The selloff began in earnest after Google CFO George Reyes said their paid search has mostly peaked in terms of the profits they can generate, the Wall Street Journal Trading volume of GOOG skyrocketed for the stock as it fell by $25.74 per share before gaining a third of that back at press time. Over 26.5 million shares have been traded today, compared to 10 million yesterday. The article noted how Reyes was questioned about keyword pricing and complaints from large advertisers about a possible "price bubble." Reyes dismissed those worries, and claimed "there's still headroom left in pricing" based on industry trends. document.write("Email murdok here.") Drag this to your Bookmarks. Add to document.write("Del.icio.us") | Yahoo! My Web David Utter is a staff writer for murdok covering technology and business.
Google Shares Down Big On Report
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