Google Is Having Issues

Down 10%.

Google Inc. shares slid as much as 13 percent, their biggest-ever decline, after finance chief George Reyes said growth is slowing at the world’s most-used Internet search engine.
“We’re getting to the point where the law of large numbers starts to take root,” Reyes said today at a Merrill Lynch & Co. investor conference in New York. “Growth will slow. Will it be precipitous? I doubt it.”

I wish someone had seen this coming.
More: Mark Hulbert on insider selling at Google (“off the charts”).

Posted by on February 28th, 2006 at 11:28 am

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