Google, one of the wealthiest businesses in the world took a heavy blow yesterday and today – loosing $29 BILLION in Stocks after the company printing Google’s financial results released it with a missing page. It revealed that Google’s profits had gone down by 1/5 in the past 3 months, apparently due to the amount that advertisers were paying.
This leak meant that Google’s stock prices crashed down from $754 to $673 in the space of 24 hours, and had to be closed early yesterday to stop a rippling effect on other stock prices. Loosing $24 Billion yesterday, and a further $5 Billion today, does this look good for Google? Only time will tell.