Yahoo Stock Beating Google (Relatively Speaking)
ADOTAS – Tech stocks are taking a serious beating this week, but surprisingly, the seemingly impervious Google is sustaining the most serious blows, according to Kara Swisher over at All Things Digital.
While it’s impossible to not take note of Yahoo’s weakness – it closed at a five-year low of $17.75 yesterday and isn’t doing much better today (at 12:14 pm it was trading at about $18.01).
On a year-to-date basis though, Google is off significantly more – down more than 32%, compared to Yahoo’s roughly 19% downturn.
Reader Comments.
Google had a lot more to lose as Yahoo has been trading at the bottom of it’s range for the past year ( except when MSFT gave it a boost ).
Google does have it’s issues though:
#1 It treats it’s advertisers and customers like crap.
#2 Chrome is full of bugs.
#3 At this point it’s market share is more likely to go lower vs. higher.
I’ve been out of the stock since the last trip to $550, but will look to pick it up again in the low $400’s.
Right now, it’s still the only major player in town… but I’m hoping someone can knock them off the throne someday soon!
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