Google shares plunge on earnings miss
Google shares got rocked today when poor earnings numbers were prematurely released. Trading had to be halted but the bloodbath would have happened regardless, though many investors were caught off guard of course.
I have no idea why Google missed earnings numbers, but I can say that they need a serious lesson in customer service. Google has treated its Adsense partners with contempt, and if Microsoft wasn’t incompetent, Google would be losing even more business.