Google Bubble Bursting?
If you have ever listened to the podcast, you KNOW I’m not a fan of Google.
And now it seems like the world is turning on the darling child as well.
Shares of Web search leader Google – off 24 percent from highs set last month – could face a further 50 percent decline, Barron’s said in the financial weekly’s February 13 edition.
Barron’s scenario for a fall in Google’s stock is based on speculating about what may happen if mounting competition or fraud by users of its Google’s ad-buying system led to a 20 percent shortfall in bullish analysts’ 2006 revenue estimates.
