Despite some negative predictions, Google nailed another earnings report yesterday. The search giant just can’t lose. And for you, this probably means some pretty good things.
If you happen to own any Google stock, its 20 percent rise certainly can’t qualify as bad. Granted, the stock remains far below its $747 high, but an increase of $95 per share in 18 hours’ time is nice.
Then there’s what this signifies for users of Google’s products. As long as the company continues to do so well, payouts and upgrades should keep streaming right along.
Google’s success might also mean good things for the online economy as a whole. People are apparently placing ads, clicking on them, and doing all the other things that generate cash at a faster pace than ever. The recession doesn’t seem to have taken hold.
At least for the moment, the company’s success seems to equal a win for everyone.
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April 19th, 2008 at 1:14 am
Great analysis. I never thought about Google’s health as an indicator of the overall online economy. But I guess you’re right. Since Google is such a big player, if its doing well, the economy must be decent at least.
April 22nd, 2008 at 3:27 pm
Google in the UK have taken over ITV as the biggest generator of adversting revnue.
April 25th, 2008 at 4:08 am
Hopefully Google will make a lot of features improvement in the near future.
May 2nd, 2008 at 11:04 pm
I feel very fortunate to have the proper education to take advantage of some portion of the web’s growth in recent years. Everyone I see seems to be hurting, but I feel like my own situation just keeps getting better and better. I’m glad to see that Google’s results echo that prosperity.
May 5th, 2008 at 7:55 am
There seems to be a new prosperous opportunity to invest.