Why has the price of google been trending down? The company is back in China and it is making a lot of money.?
Investing - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
It mirrors the s+p 500...http://finance.yahoo.com/q/bc?s=GOOG&t=5d&l=on&z=m&q=l&c=^GSPC
2 :
The moves in Google's share price are influenced far more by the overall US stock market than developments in its license or service availability in China. In comparison, that kind of news HAS HAD a huge influence on Baidu's stock price. Look at how each stock performed after each spurt of news on the status of Google's chinese license the last couple of months. China is only a small part of Google's current business and it would take a lot for it to ever become a huge part of its business. While China has more internet users than the US, internet advertising and search engine advertising are both very small in size compared to the US. But for Baidu, China is 99% of it's business. Anything that weakens or strengthens their hand in their home market is bound to make a big difference to the stock price.
