Looks like the wheels is finally coming of the Internet giants wargon.
Until a couple days ago, Google's stock looked recession proof. Despite mounting talk of an advertising slowdown, shares hit an all-time high in November. Now, it finally seems that recession concerns are catching up with the web giant.
Although Google and Yahoo are in different competitive positions (Google could eat Yahoo for a mid-afternoon snack), they are both dependent on advertising for the majority of their income, and as a result, both are poised to take a thunderous hit in the event of a recession.
source: Blogs Home - Wired Blogs
Until a couple days ago, Google's stock looked recession proof. Despite mounting talk of an advertising slowdown, shares hit an all-time high in November. Now, it finally seems that recession concerns are catching up with the web giant.
Although Google and Yahoo are in different competitive positions (Google could eat Yahoo for a mid-afternoon snack), they are both dependent on advertising for the majority of their income, and as a result, both are poised to take a thunderous hit in the event of a recession.
source: Blogs Home - Wired Blogs
