"Social networking inventory is not monetizing as well as we had expected," Reyes said.
Sergey Brin, one of Google's founders and its current president of technology, echoed Reyes' admission.
"We have had a challenge in Q4 with social networking challenges as a whole," he said, repeating the operative word. "It didn't pan out as well as we had hoped."
As I had mentioned a few weeks ago...
Any stock specially in nasdaq with high P/E is going to get wacked.. and since my post that has been happening exactully to the dot.
I would wait on google for it to reach the next support level.... around 450- 460.
At that point it looks good..
Missed earnings.. Microsoft bid for yahoo are fueling the decline in stock price for google and all the insider selling as of late !
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