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May 17, 2008 12:05:50 AM CDT

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Even Google Not Immune in Downturn  

Posted Mar 5, 08 6:48 PM CST in Business,  Technology    Editor's Choice

(newser) – After a hitting record high in November, Google shares have fallen 40%, reports the Los Angeles Times. Investors are concerned that a downturn in consumer spending could slow Google's growth—previously thought to be recession-proof. "Now the shine is off Google, whether deservedly or not," one media analyst said of the pioneering search giant.

Investors are concerned that Google's heavy investment in developing Internet advertising isn't paying off. Many are still optimistic, however, if not quite as wildly as before, the Times notes. "This is Google's first rough patch," says the author of a book on the California outfit. "It will test the character of the company."

Source Los Angeles Times

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Even Google Not Immune in Downturn
The reception desk is shown at Google's New York offices in this Jan. 31, 2008 file photo. (AP Photo/Mark Lennihan, file)   (Associated Press)
Even Google Not Immune in Downturn
Google co-founder Sergey Brin walks the exhibit hall at the Consumer Electronics Show (CES) in Las Vegas in this Jan. 9, 2008 file photo. (AP Photo/Paul Sakuma, file)   (Associated Press)
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Google  • Microsoft  • Yahoo  • recession  • Nasdaq  • Internet advertising  • DoubleClick  • Larry Page  • Sergey Brin  • Eric Schmidt  • Sheryl Sandberg


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