Google Stock Drops With 3Q Report, Takes Facebook Down With It
The stock value of Google plummeted after its preliminary third-quarter report showed that income dipped 20 percent while costs rose. This news sent a ripple effect throughout other Web giants on Wall Street, as the share prices of Facebook and Yahoo fell Thursday, as well.
The stock value of Google plummeted after its preliminary third-quarter report showed that income dipped 20 percent while costs rose. This news sent a ripple effect throughout other Web giants on Wall Street, as the share prices of Facebook and Yahoo fell Thursday, as well.
Google’s stock fell nearly 10 percent Thursday, as a leaked third-quarter report indicated a softer market for online advertising. According to The Wall Street Journal, the average cost that advertisers paid Google per click fell 15 percent from last year, and 3 percent from the second quarter.
In a corresponding move, Facebook’s stock dropped roughly 4.5
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