Analysis: Wall Street Puzzles Over Google's New Direction

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Jan 25, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

    Apr 5, 2011
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    Analysis: Wall Street puzzles over Google's new direction | Reuters (click for full article)

    "(Reuters) - Google Inc, which revolutionized Internet searches with an easy-to-use website, has itself become an increasingly tricky business to grasp.

    That issue leapt to the fore last week when the company stunned Wall Street by missing financial expectations for the fourth quarter -- sending its stock into a tailspin and triggering a flurry of questions over what went askew.

    Analysts say Google is simply putting its fingers in too many pies. Forays into television, Android mobile phones and music sales in the past two to three years have left the investment community straining to recognize the company.

    A surprise drop in Google's search advertising rates in the fourth quarter raised questions about how its rapidly expanding mobile business was affecting its main money-making machine."
    Last edited: Jan 25, 2012

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