The news yesterday that Google maybe isn't totally infallible freaked investors out enough for the company's stock to drop 9%.
Despite that, things are actually kinda rosy for Google. Efficient Frontier, a search engine marketing company, says that their analysis shows this happy fact:
"For every new dollar spent on search in Q2 2008 from Q2 2007, $1.10 went to Google, Yahoo lost $0.09, and Microsoft lost $0.01. In other words, advertisers are putting all of their new search dollars into Google, and pulling money out of Yahoo Search and Microsoft Live Search."
And they've got this graphic as further evidence of Google's ascent to world, er, search domination:
If you're Google, life's not bad.
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From the perspective of share price to cash flow, Google is trading at its lowest price ever. Not to mention they are sitting on a pile of cash (about $40 per share) and no debt. They are starting to look like the GE of yore.
—mjandri
16:13, July 18th, 2008
Any reason they exclude Financial Services Advertisers Brittany?
—brentbutler
14:23, July 18th, 2008
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