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Google Shock!

Kiruba, a friend of mine had to say this in his blog about the recent Google marketshare loss.
Picture this! Your business grows 82% over last quarter from $1.03 Billion to $1.92 Billion. Your business earns $372 million profit. That's Rs.1674 Crores of profit in just three months!! Holy Moly! That'd have given any CEO a hard-on!

Right?

Wrong.

The stockmarket didn't think so. Google's stock crashed 12% just because the stock analysts were expecting it to grow 100%.

That's Rs.72000 crores wiped out in a single day. Heck, that's more than what the world's largest car maker, General Motors's is worth.

Oh! The perils of taking your company public!


Aptly said Kribs. GK had this to share with me regarding this issue.

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