Google can sack as much as 15% of its workforce in coming days.
An expert predicts tough next two years for Google.
The two basic reasons behind his analysis are:
1) The challenging macro-economic conditions prevailing will negatively affect Google’s advertisement driven Consumer Internet business. Although Google is gaining from the shift of ads from the traditional media to the internet; but this shift is not enough to overcome the negative macro-economic conditions.
2) The relevance of the right side of search results (the column which shows sponsored links) to the users, is decreasing with each passing day. This means, reduced number of paid clicks; and thus decreased revenue.
Fact to think over:
Early this year Google’s per share was over $ 700. Now it’s $ 275.
An expert predicts tough next two years for Google.
The two basic reasons behind his analysis are:
1) The challenging macro-economic conditions prevailing will negatively affect Google’s advertisement driven Consumer Internet business. Although Google is gaining from the shift of ads from the traditional media to the internet; but this shift is not enough to overcome the negative macro-economic conditions.
2) The relevance of the right side of search results (the column which shows sponsored links) to the users, is decreasing with each passing day. This means, reduced number of paid clicks; and thus decreased revenue.
Fact to think over:
Early this year Google’s per share was over $ 700. Now it’s $ 275.
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