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Wall Street mildly disapproves of Google, stock trading down 4%

Google's stock is down by 4%, was it something Larry Page said?

Trace Hagan | Apr 13, 2012 at 3:34 pm CDT (0 mins, 57 secs time to read)

I'm not sure what it was Larry Page said that Wall Street didn't approve of, but it could be either that the revenue was below expectations or the announcement of the stock split to create a new class of non-voting stock. The business will effectively run the same after the stock split so it's hard to see investors getting excited about the stock change.

Wall Street mildly disapproves of Google, stock trading down 4% | TweakTown.com

I have a feeling the stock is down due to the revenue being slightly less than expected. That said, profit was higher than expected, so that would seem to me to cancel out any effect of lower revenue. It's probably more due to the continuing trend of decreasing cost-per-click. It has continued to decline and has fallen by 12 percent year-over-year.

Google's stock is trading down by 4 percent, and that's a fact. Some of the above is speculation, but I have a feeling it's pretty close to accurate. It will be interesting to see how the stock split affects prices. I imagine the non-voting will be quite a bit less than the voting stock. I may even be able to afford to invest in Google.

Last updated: Apr 7, 2020 at 11:26 am CDT

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Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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