Internet millionaires jumping off virtual skyscrapers. AKA, the way things work, yes Google is a big business, edition:
After ComScore made an announcement that clicks on Google ads have leveled off from January 2007 to January 2008, Google’s stock plummeted about $38 to below $450/share — but have since gone up slightly and are currently sitting around $456.That current price is about sixty-percent of the price Google stock, riding on perceived invincibility, was trading at just a few months ago. As Bob Dylan once "sang:"
The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'.
Google's in trouble because, like many big corporations, they've gotten stupid in what they're doing. Their biggest sin is that they've gotten behind in innovation and have resorted to ripping off other peoples ideas and botching the rip-off.
Hopefully they'll learn the lesson and straighten-up and fly-right. Otherwise, it'll be Yahoo! all over again.
I can haz cheezeburger?
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