Online Stocks Taking a Hit
The online stocks seem to be dropping in price as of late. Is the big Google next? Could it be set for a re-valuation of the stock price? Here are some events that have happened this week.
Yahoo Search and other products disappoints and has weak 2008 sales outline – CNN report
eBay.ca and others cutting listing fees and increasing commission to combat increased competition – CNN report.
Amazon’s
So why are all these stocks dropping in numbers? Is it because of the possible recession that everyone fear’s (and seems to be the excuse for everything that happens on the stock market)?
Or could it be that investors are re-analyzing the numbers and figuring out that these stocks maybe over-valued? It’ll be interesting to see what happens tomorrow after Google releases their profit report.
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Wednesday, January 30th, 2008 at 9:13 pm under
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