Google Stock Drop & Privacy Fallout
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Written By Reprise Media | January 23, 2006 | Share This
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If you own stock in Google you may want to reconsider whether or not you really need that extra piece of bling.
The search engine’s stock is down nearly 10% today in the largest one-day drop ever, according to this article in USA Today:
“Analysts pointed to any number of different reasons ranging from a sluggish sector outlook by rival Yahoo earlier this week to a legal spat between the U.S government and Google…Another issue is the brewing controversy between Google and the U.S. Justice Department. Google is resisting a request by the government for Web search data to help the United States make its case in support of a federal online pornography law.”
Dollars and sense aside, the negative fallout from the Department of Justice case could extend to other areas of Google’s business as well, says Loren Baker of Search Engine Journal. Email, shopping search, patents and personalized search are just a few of the lines of business that may feel the litigation’s effects.
Read about it here in Fallout from Google Privacy Subpoena.
Topics: Legal Issues |