18 thoughts on “The Sky Is Falling: Google Shares Below $300”

  1. On – dropped below $300 for the first time since 2005, indicating that the company might not be immune to the downturn in consumer spending (and thus advertising) after all.”

    If you are going to use the stock price to gauge the downturn in add spending then best of luck.

  2. Google was considered as one of the most reliable stocks – especially when we think of the 700+ rate, less than a year ago.

    It will be interesting to see how many people jump in at this time to grab stocks of Google, Citi (trading at less than 10) and Goldman (trading at less than 70). It might be worth an investment for the long run, but please do your own judgement before buying. Please dont blame Om later 🙂

    On a related note, a more interesting thing to notice might be where Yahoo ends. With its stock trading at around 10 bucks, it might help to bail out Mr.Yang in the fighter plane away from the silicon valley.

  3. Dammit, if I can’t buy that third BMW I am going to break something!!!! America, WAKE UP and start bidding up this stock again. Sigh. Back to working on that search thingy.

  4. @NirajJ

    Essentially with this decline the market is saying that Google’s advertising model is not as safe as it seemed to be. that is why the stock constantly is retreating. It is a leading indicator of what market perceives is the “problem.”

  5. I bet a lot of people are dumping their stocks not to re-invest elsewhere, but to pay off staggering debts.

    Rough, rough times for the stock market. Just read on TechCrunch about Yahoo! tanking bigtime, now at just over $10.00 a share.

    Google will probably come back up in the next year or two, but we’re really in a deep trough at the moment.

    Thanks for the update, Om.

  6. I hear from various GOOG friends that most groups have a hiring freeze in place anyway. So they don’t have to worry so much about attracting talent at the moment.


  7. You’re missing the larger point. Google’s been falling for years now. They are back to 2005 levels which means that they are FAILING as a public company over the past few years.

  8. Since Google is backstabbing its partners in the eco-system, especially Sun Micro. Its nice to see GooG and its stock price F*ked badly.

  9. Well Om, it would be an interesting excercise for you to review your own post from one year ago. At that time you joint creating a huge bubble around Google by expecting the Google share rising to 1.500USD. So what have you personally learnt from this?

  10. I never understood all the nerds who through their loyalty behind Google as if they were not just another for-profit company. Google has had there stock price inflated to ridiculous levels simply because they are the trendy uber-cool brand. In reality the stock should fall much further based on how low their actual earnings are. Quite frankly a much better investment would be HP. It will be interesting watching google fall to a more realistic stock value.

  11. @Alan Wilensky

    I agree, especially in some of the telecom stocks and at the same time the market is disregarding the problems of large phone companies. it is strange times.

  12. Hi Om —

    Who are these folks who are dumping stocks, driving the market down? I for one am certainly not among them….the basis I have in Apple, Cisco, Intel, etc. is considerably higher than what they are going for now, and to sell (capitulate) would surely lead to huge losses that would take years to recover. Are people thinking this will lead to something like the 2001-2002 bubble where tech never fully recovered? I am hoping that this is not the case, and that we’ll soon see some kind of stabilization when people realize there is intrinsic value in many of these companies, below which share prices should not fall. Where it makes sense, let’s start buying folks!

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