1 posts and columns on economic conditions

Google: Whoops! Econalypse

in News on November 10, 2008 at 1:02 pm PT

The econalypse is finally catching up with Google–according to the company’s recently released 10-Q and Barclays Capital analyst Douglas Anmuth, who apparently just read it. Noting that advertising spending generally declines in ugly economic conditions, Anmuth lowered his share price forecast for Google to $490 from $542.