This page has been archived and commenting is disabled.

Here Is Why GOOG Has Plunged By 10% (So Far)

Tyler Durden's picture


While everyone knows that GOOG is halted and may or may not resume trading before market close (and no, RRD merely reported the facts, if only early, and as everyone knows the market has a revulsion to reality peeking during trading hours), few are aware just why it is that everyone dumped the stock which soared to all time highs a few short weeks ago. Here it is, in its full visual splendor - Google's Operating Income, which was expected to come in at $3.536 billion printed at $2.736 billion, a 23% miss!

And that's just half the story. The chart below shows not only the historical data, but where the once again massively wrong sell-side crew sees Q4 Operating Income going. GOOG has to see its operating income soar by nearly $1.5 billion in Q4 just to resume its previous upward glidepath.

... Good luck


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 10/18/2012 - 13:55 | 2901837 HelluvaEngineer
HelluvaEngineer's picture

VIX back to unchanged.  Everything makes perfect sense.

Thu, 10/18/2012 - 13:58 | 2901842 flacon
flacon's picture



I don't know if that 680 put was a misprint at 3000%.... or if all the others were misprints (should have an extra zero there)...

Thu, 10/18/2012 - 13:59 | 2901853 economics9698
economics9698's picture

Google clearly did not get the memo, no bad number prints before the election.

Thu, 10/18/2012 - 14:01 | 2901867 flacon
Thu, 10/18/2012 - 14:08 | 2901895 redpill
redpill's picture

but but but GOOG is a value stock with a great dividend and fantastic forward-looking growth model.


Oh wait...


Sorry muppets.  Google Night and Google Luck.

Thu, 10/18/2012 - 14:23 | 2901968 MillionDollarBonus_
MillionDollarBonus_'s picture




Thu, 10/18/2012 - 14:25 | 2901988 ParkAveFlasher
ParkAveFlasher's picture

The key to a futures position is to position yourself long enough that it pays off after you die. You know, if you bought in right after the effects of Black Tuesday subsided, and timed it right, you could be now one very rich and contented 130-year-old man. +1

Thu, 10/18/2012 - 14:26 | 2901989 the not so migh...
the not so mighty maximiza's picture

I actually agree with you . THE END

Sun, 10/21/2012 - 00:27 | 2907323 MeelionDollerBogus
MeelionDollerBogus's picture

AnAnonymousCitizenism says this is the sound of one UST clapping

Thu, 10/18/2012 - 14:29 | 2902000 EscapeKey
EscapeKey's picture

Argh please use next time instead of that ad page.

Thu, 10/18/2012 - 18:33 | 2902768 soccerballtux
soccerballtux's picture

please explain

Thu, 10/18/2012 - 23:01 | 2903337 flacon
flacon's picture

If you bought a put you could have made 3600%:



Thu, 10/18/2012 - 14:03 | 2901870 Wakanda
Wakanda's picture

Somebody wants Mittens in.

Thu, 10/18/2012 - 14:08 | 2901896 The Shootist
The Shootist's picture

Well, that's what Lindsey Williams says. For what it's worth.

Thu, 10/18/2012 - 14:13 | 2901915 FubarNation
FubarNation's picture

Ladies and Gentlemen by the providence of God I was allowed to live with the elite for 3 years.  Get your pencil and paper ready to write down these buzz words.  Devil's messiah.  Currency of the elite.  Keep your eye on China.  What I have to tell you could save your dinner table.


I can't remember what else that goofy old man has to say.  Very intesting entertaining however.  Always makes me laugh.

Thu, 10/18/2012 - 14:32 | 2902005 EscapeKey
EscapeKey's picture

I beg of you, write this down. I play buzzword bingo with a friend whenever he's on the Alex Jones show.

Can't take a word of his seriously, but I do find him amusing.

Thu, 10/18/2012 - 14:36 | 2902020 FubarNation
FubarNation's picture

'I beg of you' - I'm ashamed that I didn't remember that one.  Classic LW lingo.

Thu, 10/18/2012 - 14:53 | 2902077 Buckaroo Banzai
Buckaroo Banzai's picture

Lindsey Williams is an easy target but a lot of what he says makes sense. Just sayin'.

Thu, 10/18/2012 - 16:41 | 2902459 imbrbing
imbrbing's picture

He has to many "ELITE" friends for my taste

Fri, 10/19/2012 - 06:23 | 2903688 jmcadg
jmcadg's picture

Very true, but between him and Alex Jones there is so much waffle. Why take five minutes when you can make it last two hours - 'Did you get that'.

Thu, 10/18/2012 - 14:36 | 2902021 The Shootist
The Shootist's picture

I can't stand him because he takes 40 minutes to tell you 3 quick points he learned. The only interviewer that makes it bearable is Alex Jones because he gets all hyper and cuts Williams off, finishes his point for him.


He uses 10 sentences to get to the point. We don't have all day Lindsey, spit it out already.

Thu, 10/18/2012 - 14:42 | 2902042 EscapeKey
EscapeKey's picture

You wouldn't happen to have that name (The shootist) from an episode of the FBI Files? Just asking, as that episode was on last night...

Thu, 10/18/2012 - 15:08 | 2902142 FubarNation
FubarNation's picture

Can you imagine watching his whole DVD set?  I bet no one has ever finished watching the whole thing.

Thu, 10/18/2012 - 19:21 | 2902882 blunderdog
blunderdog's picture

He's just another carnival barker.  They're not permitted any dead air.

Thu, 10/18/2012 - 14:13 | 2901916 ParkAveFlasher
ParkAveFlasher's picture

Sounds like a job for Gold Sacks.

Thu, 10/18/2012 - 14:14 | 2901924 malikai
malikai's picture

Goldman said so too, with their wallets.

Thu, 10/18/2012 - 22:31 | 2903292 Non Passaran
Non Passaran's picture

Not the googs, they love Obama's green projects and donate to the Marxist.

Thu, 10/18/2012 - 15:38 | 2901872 SILVERGEDDON

If the market toilet flushes in the forest, everybody hears it.

The Emperor of Google has no clothes.

If the foo shits, wear it.


Thu, 10/18/2012 - 14:09 | 2901879 vast-dom
vast-dom's picture

GOOGLUCK with that.

Thu, 10/18/2012 - 14:08 | 2901898 alien-IQ
alien-IQ's picture

I saw the Oct 680 puts displaying +3600% on my platform. May have been a glitch. right now it's +281%

Thu, 10/18/2012 - 14:10 | 2901906 vast-dom
vast-dom's picture

this whole motherfucker is one big multifaceted glitch.

Thu, 10/18/2012 - 14:19 | 2901958 alien-IQ
alien-IQ's picture

you won't get any argument from me on that

Thu, 10/18/2012 - 14:04 | 2901885 Ruffcut
Ruffcut's picture

Fuck, I thought they were tying up profitable government contracts.

I wouldn't be surprized for this  to be a controlled burn.

The perfect time to trick and scare people is during halloween.

Thu, 10/18/2012 - 14:12 | 2901913 ACP
ACP's picture

There's nothing like the Fed & HFT criminal scum working together...hand-in-hand......with $85 billion of freshly printed money designated for criminal stock order to make this world a better place...despite the fact that earnings are tearing up the whole game.

Thu, 10/18/2012 - 13:57 | 2901840 kliguy38
kliguy38's picture

Donally takes out Page

<iframe width="420" height="315" src="" frameborder="0" allowfullscreen></iframe>

Thu, 10/18/2012 - 13:57 | 2901843 slaughterer
slaughterer's picture

This does not inspire confidence in market participants whatsoever.  

Thu, 10/18/2012 - 13:59 | 2901851 GolfHatesMe
GolfHatesMe's picture

Unfortunately Algos do not know the term

Thu, 10/18/2012 - 14:11 | 2901914 e-man
e-man's picture

Hmmm....I see the transmogrifier is working well.

Thu, 10/18/2012 - 14:50 | 2902068 gjp
gjp's picture

+1 Love Calvin and Hobbes

Thu, 10/18/2012 - 14:05 | 2901889 insanelysane
insanelysane's picture

Training is haltered in order to "reorder" all of the bids so the right people don't get crushed.  This type of event generates so much volume that even the algos have trouble front running.  Trading will resume with .0000005 minutes left in the day to let the HFT get their money.

Thu, 10/18/2012 - 16:08 | 2902354 Bob
Bob's picture

I like to think I like the truth as much as anybody, but . . . owww.  That shit hurt right there. 

Thu, 10/18/2012 - 13:58 | 2901847 HelluvaEngineer
HelluvaEngineer's picture

Any chance small business owners across America finally realized that Google advertising is a complete and total waste of money?

Thu, 10/18/2012 - 14:13 | 2901918 dwdollar
dwdollar's picture

I only use them when they give me free promos.

Thu, 10/18/2012 - 14:36 | 2902022 NotApplicable
NotApplicable's picture

I initially read that ad "free ponies." It made more sense then.

Thu, 10/18/2012 - 15:08 | 2902145 flacon
flacon's picture

I thought it said free POMO's (Permanent Open Market Operations)

Thu, 10/18/2012 - 14:18 | 2901954 ponyboy96
ponyboy96's picture

Where have you been living?  It has one of the highest ROI's out there and can be directly attributed to sales/leads via analytics.  You can't say that with most other marketing tactics.  The problem is that the costs and competition have increased so much that it's pricing out the small guys.  Companies have been cutting budgets across the board.  As you may or probably not know, marketing budgets usually get slashed first.

Thu, 10/18/2012 - 14:29 | 2901996 seek
seek's picture

Yep, I've helped a couple friends launch small businesses, and depending on the niche, google ads is far and away the second-most effective advertising (word of mouth being #1). However, it's gotten a lot more competitive so the ROI is declining, and the economy is in the toilet so the money isn't there the way it used to be. Google's issue is economy-driven market saturation, there simply are too many businesses chasing too few customers.

Note in some segments the ROI is terrible, the cost per click to get a first-page ad placement for mortgage refi's is truly insane.

Thu, 10/18/2012 - 14:42 | 2902041 holdingontomypants
holdingontomypants's picture

I advertised with them from 2005 to 2008 but dropped them 4th quarter 2008 as I couldn't afford the average $2,500-$3,000 monthly cost when the sheeet hit the fan with my clients. I lost 65% of my business volume by the end of the 1st quarter 2009 and I haven't recovered any of that loss. Been stagnant ever since. Half of the clicks I got were from job seekers which was not what I wanted but there was no way to eliminate that due to the type of service business I am.

Thu, 10/18/2012 - 16:11 | 2902367 Bob
Bob's picture

Ah, the story behind the story.  Too bad you're not in the temp placement biz.  But even that has only a couple more good years, imo. 

Thu, 10/18/2012 - 13:59 | 2901849 adr
adr's picture

If Google's draft numbers were this bad before a probable last minute accounting fudge, imagine what the draft numbers for Apple are.

The first papers that go to CFO's desks must be 180 degrees away from the eventual public release.

Someone right now is figuring out how to add another 20% to Apple's top line. Probably estimating 100 million iPad minis sold to put on the books now before it is even unveiled.

Thu, 10/18/2012 - 14:24 | 2901980 dark pools of soros
dark pools of soros's picture

Google gives android away to grab Apple market share and people wonder why the bottom line heads to the bottom?

Hate Apple all you want but they know how to make and sustain a market that actually spends money not just eyeballs

Thu, 10/18/2012 - 14:58 | 2902090 Buckaroo Banzai
Buckaroo Banzai's picture

When your flagship "big new growth" product contributes ZERO to your bottom line, and projects that way into the distant future, you're gonna start having days like these.

Thu, 10/18/2012 - 13:58 | 2901850 AL_SWEARENGEN


Thu, 10/18/2012 - 13:59 | 2901852 Wakanda
Wakanda's picture

Who the fuck needs operating income these days?

Make shit up like everyone else - get with the program Goog!

Thu, 10/18/2012 - 14:04 | 2901884 Bam_Man
Bam_Man's picture

Who the fuck needs operating income these days?

Nobody. Look at AMZN - a company with ZERO PROFITS and had an UGLY miss last quarter (as usual) and the stock is within a whisker of its all-time high.

Just BTFD, Shalom has got your back!

Thu, 10/18/2012 - 15:01 | 2902098 Buckaroo Banzai
Buckaroo Banzai's picture

The only possible justification I can see for Amazon's stock price is the underlying assumption that Amazon is going to put every single retailer in the world out of business, at which point they will be free to charge whatever they want.


Thu, 10/18/2012 - 13:59 | 2901854 CashIsTrash
CashIsTrash's picture

TRADING HALTED?? and this is supposedly a free market?? LMAO...Could it be that GOOGLE is TBTF?

Thu, 10/18/2012 - 15:14 | 2902171 FoeHammer
FoeHammer's picture

Instead of price discovery, we have TBTF discovery.

Thu, 10/18/2012 - 14:00 | 2901858 I am a Man I am...
I am a Man I am Forty's picture

Can't wait to see the comparison to Reggie's projection!

Thu, 10/18/2012 - 14:41 | 2902035 NotApplicable
NotApplicable's picture

He's got a few "mobile dilution" tweets on his blog so far.

Thu, 10/18/2012 - 14:00 | 2901860 Cone of Uncertainty
Cone of Uncertainty's picture

Reggie 3...2...1


Hey biatch, how dat working out for you.


Thu, 10/18/2012 - 14:04 | 2901880 SilverTree
SilverTree's picture

Ever see a shit shit itself?

Thu, 10/18/2012 - 14:00 | 2901861 Unprepared
Unprepared's picture

So does that mean the boycott GOOGLE/YOUTUBE week movement few weeks ago was a success?

Thu, 10/18/2012 - 14:01 | 2901863 PUD
PUD's picture

All well and good but they were lined up around the block to buy Spanish and Italian debt today and Polaris sold a record number of snowmobiles in a year without snow! omfg! lmfao!

Thu, 10/18/2012 - 14:00 | 2901865 malikai
malikai's picture

I'm gonna go out on a limb here and call intermediate bottom in bonds.

Also keep an eye on gold:,m8h

Thu, 10/18/2012 - 14:02 | 2901866 Yen Cross
Yen Cross's picture

When CNBS tries to bs everyone about how good earnings are, you refer to this chart for the ones that really matter.


Apple Inc AAPL 604.26 Exxon Mobil Corp. XOM 431.08 Wal-Mart Stores, Inc. WMT 258.93 Microsoft Corporation MSFT 249.47 Google Inc GOOG 247.10 General Electric Co GE 241.90 International Business Machines Corp. IBM 229.27 Chevron Corporation CVX 226.00 Berkshire Hathaway Inc. BRK.A 224.70 AT&T Inc T 206.07 Johnson & Johnson JNJ 195.75 Pfizer Inc PFE 193.01 Procter & Gamble Co. PG 191.55 Wells Fargo & Co. WFC 182.08 JPMorgan Chase & Co. JPM 175.40 Coca-Cola Co (The) KO 169.90 Philip Morris International Inc PM 154.83 Oracle Corp. ORCL 150.50 Merck & Co., Inc MRK 144.33 Verizon Communications Inc VZ 127.40

Large caps/Top 20 by market cap


Thu, 10/18/2012 - 16:24 | 2902415 Floodmaster
Floodmaster's picture


Thu, 10/18/2012 - 14:00 | 2901868 lemonobrien
lemonobrien's picture

goog going down.

Thu, 10/18/2012 - 14:37 | 2902024 ParkAveFlasher
ParkAveFlasher's picture

Nice.  Who would have thought that people ignore ads. 

Except for Snorg, of course.

Thu, 10/18/2012 - 15:03 | 2902113 Buckaroo Banzai
Buckaroo Banzai's picture

I sure would like to see those Snorg boobies deployed at action stations.

Thu, 10/18/2012 - 17:50 | 2902663 Matt
Matt's picture

cost-per-click decreased.

Does that mean revenue-per-click decreased, or does it mean cost, per click, decreased?

Did the amount of money they take in, gross, from someone clicking on their ad decrease?

Or, did their total expenses divided by total number of ad clicks decrease?


Fri, 10/19/2012 - 04:43 | 2903661 williambanzai7
williambanzai7's picture

I would ignore the jargon.

The bottom line is the search ad business is under competitive pressure from social media targeted ads and margins are eroding at a pace inconsistent with the market's state of inflated exuberance.

Thu, 10/18/2012 - 14:03 | 2901874 Village Smithy
Village Smithy's picture

I was wondering why the market was being ramped all morning.

Thu, 10/18/2012 - 14:37 | 2901902 onelight
onelight's picture

Me too -- yesterday and today they were pushing on firm ceiling / resistance when this type of corrective pullback was needed but not being allowed -- someone was pushing into that sell-liquidity roof like they had a mandate .. perhaps figured they ride the ceiling upward which they did -- then THIS happened -- right on time, and right about when the Yen at 12590 was negative -2.5x standard deviation oversold on 4hr chart met, kaboom or kersplat -- out comes the GOOG news right on time and we get the initial part of needed corrective move on the ES and its euro/eur-yen risk-on pals...very curious timing, that placing of technical banana peel for the bulls today -- so far only yielding the needed technical move however, even as selling back through next week makes some sense, after reaching closer to 1470 -- each of the last 5 months they have sold off into around the 26th or so -- and too, next week we have 2Y-5Y-7Y auctions at a slow time of year for treasurys (they're not benefiting much from the GOOG-splat today) and weaker stocks may be needed by the engineers to get those auctions "done right" --- goofy managed markets we inhabit...

Thu, 10/18/2012 - 15:33 | 2902247 janus
janus's picture


nice post

Thu, 10/18/2012 - 17:58 | 2902641 onelight
onelight's picture


Thu, 10/18/2012 - 14:03 | 2901881 q99x2
q99x2's picture

Battle of the NWO cleptocrats. Things are getting frosty.

Thu, 10/18/2012 - 14:07 | 2901893 Wakanda
Wakanda's picture

Love to watch them fight each other on the top of the shit pile.


Thu, 10/18/2012 - 14:12 | 2901912 CloseToTheEdge
CloseToTheEdge's picture

RRD still climbing out -1.34%

doubling the butter

Thu, 10/18/2012 - 14:04 | 2901882 alien-IQ
alien-IQ's picture

but...but...but...Reggie said.....

Thu, 10/18/2012 - 14:04 | 2901886 Everybodys All ...
Everybodys All American's picture

Google reflects the internet economy and that reflection looks like an Obamanation on food stamps.

Thu, 10/18/2012 - 14:05 | 2901890 bxy
bxy's picture

Algos confused........stocks can go down?

Thu, 10/18/2012 - 14:08 | 2901899 tawse57
tawse57's picture

I feel guilty about closing my blog last week.

Thu, 10/18/2012 - 14:09 | 2901901 azzhatter
azzhatter's picture

that's a huge drop. It needs to be seasonally adjusted. Call in BLS

Thu, 10/18/2012 - 14:10 | 2901905 kito
kito's picture

almighty dow is in the red for -1..............................moo-ve along...................................everybody focus on whats important:


google hot trends:

Herman Melville Books 2.American Horror Story 3.Kyna Treacy 4.MSNBC 5.X Factor 6.Megan Fox 7.Lance Armstrong 8.Bb&t 9.Lane Goodwin 10.Eminem

Thu, 10/18/2012 - 14:12 | 2901907 ThisIsBob
ThisIsBob's picture

Sort of revealing that an "information" company can't keep its own shit secret.

Thu, 10/18/2012 - 14:10 | 2901908 yogibear
yogibear's picture

All we need is a flash crash by the bots. Like your schizoid relative on speed, they seem to get unstable when other bots take huge dumps.

Thu, 10/18/2012 - 14:11 | 2901910 devo
devo's picture

It will only resume trading if Warren Buffet & the schill machine (good band name) put propaganda into motion and get some buy at open orders. lolol

Thu, 10/18/2012 - 14:11 | 2901911 Jason T
Jason T's picture

No power great enough to stop it.  "It" being the economic disintigration.

Thu, 10/18/2012 - 14:13 | 2901920 buzzsaw99
buzzsaw99's picture

GOOG, GOOG, you swim so fine, miss another quarter and your ass is mine.

Thu, 10/18/2012 - 14:14 | 2901923 insanelysane
insanelysane's picture

and now for something completely different.

Bloomberg tv carrying Goldman's water with this report.

After Goldman did an internal report they have found that Greg Smith was just a disgruntled employee and that Goldman doesn't hammer the muppets.  And this gem, apparently they are saying that the term Muppet in the UK is not condescending.

I guess Greg Smith is releasing a book soon and Goldman is front running saying the guy was just greedy and felt he wasn't paid enough.

Muppets rejoice Goldman has your their back.

Thu, 10/18/2012 - 14:14 | 2901925 Everybodys All ...
Everybodys All American's picture

The news should be about the earnings and all they can focus on at CNBC is the early release. This financial news agency has become a complete farce. I can imagine CNBC going on 24 hour news cycle working overtime to insure investors that everything at Google and the Nasdaq is fine. Call me cynically challenged right now.

Thu, 10/18/2012 - 14:16 | 2901938 irie1029
irie1029's picture

Agree that is why I come here for my news.

Thu, 10/18/2012 - 14:15 | 2901929 MoneyMcbags
MoneyMcbags's picture

GOOG's premature release all over the market = Googkake.  splash.

to the pain,

Money McBags

Thu, 10/18/2012 - 14:42 | 2902038 Panafrican Funk...
Panafrican Funktron Robot's picture

Start writing your blog again, I always looked forward to it.  

Thu, 10/18/2012 - 23:05 | 2903346 MoneyMcbags
MoneyMcbags's picture

Much love Mr. Funk,


Unfortunately, dick jokes pay exactly dick, so Money McBags has been back working for the man for the last 1.5 years (and luckily the man pays well and doesn't require swallowing).  He explained it all in his last column on the award winning

He is still dick joking away daily on the twitter, though he fully admits comparing the quality of his tweets to the quality of his column is like comparing Ben Bernanke to Paul Volcker, or Mayim Bialik to Beth Humphreys, but it is what it is.


To the pain,

Money McBags

Thu, 10/18/2012 - 14:44 | 2902046 ceilidh_trail
ceilidh_trail's picture

Great to see you post! Any jokes?

Thu, 10/18/2012 - 23:10 | 2903352 MoneyMcbags
MoneyMcbags's picture

Mitt Romney's tax plan?  Barack Obama's credibility?  JPM's earnings?  rim shot please (especially if it is Money McBag's rim and Sophie Turner is giving the shot).

If you want daily market dick jokes, Money McBags is still here for you


To the pain,

Money McBags

Thu, 10/18/2012 - 14:16 | 2901937 ejmoosa
ejmoosa's picture

The Corporate/Fascism model is under attack. 



Thu, 10/18/2012 - 14:16 | 2901943 KIPPY KAPPSLOCK

I'm heading underground until monday at least.  Here in Studio City everything feels wrong today, I cant place it but something is wrong.  I am glad that I am having this episode.  It has exposed a gaping hole in my plans which I can't believe that I missed.  I have a number of paintings are too large to fit through the blast door on my shelter, so , I am mortified.  I am considering taking the canvas's off of their frames and rolling them up to get them in the shelter.   I feel stupid for missing these details.  Gold and Silver are easy.  Valuable art or furniture, not so easy.  I hate to leave the stuff upstairs undefended.   I'll figure it out.  

Good luck all.  

Thu, 10/18/2012 - 14:17 | 2901944 Lost Wages
Lost Wages's picture

I saw an article about @PendingLarry on Twitter. Pretty funny.

Thu, 10/18/2012 - 14:46 | 2902055 NotApplicable
NotApplicable's picture

Those are hilarious. My favs...

  • This is what happens when you submit your report to the SEC via Android.
  • Man, our privacy was WAY violated today.
  • First thing I said after SEC filing went out: "Oh, Schmidt!"
Thu, 10/18/2012 - 14:17 | 2901946 the not so migh...
the not so mighty maximiza's picture

Halt this asshole$$


Thu, 10/18/2012 - 14:22 | 2901972 alien-IQ
alien-IQ's picture

this halt is going to give people a chance to more closely revieew the numbers...when trading should be a bloodbath.

Thu, 10/18/2012 - 14:23 | 2901978 Bam_Man
Bam_Man's picture

And the Dow is down 6 points.


Thu, 10/18/2012 - 14:33 | 2902011 Downtoolong
Downtoolong's picture

Let me guess which side of the trades all those HFT liquidity providers were on during the collapse.

Welcome to the new step function market action folks.

I'd love to see a video those babies trying to "Actively Trade" through this with all the amazing tools provided to them on the eTrade website. Something tells me there's going to be several loads of diapers getting washed out tonight.

Thu, 10/18/2012 - 14:44 | 2902050 tooriskytoinvest
Thu, 10/18/2012 - 14:53 | 2902064 Quinvarius
Quinvarius's picture

Well it was up stupidly like 40% in the last 3 months.  I doubt they could have reported anything good enough because they were not worth that much anyway.

Thu, 10/18/2012 - 14:54 | 2902079 Shizzmoney
Shizzmoney's picture


Thu, 10/18/2012 - 14:54 | 2902082 Fix It Again Timmy
Fix It Again Timmy's picture

Ads....Ads....?  I don't care what kind of ad you're pimping, if people don't have discretionary income to spend, you ain't selling sheeeeeet.....  Our consumer economy is trending towards major purchases consisting of generic peanut butter, day-old bread and nearly expired gallons of milk.  

Thu, 10/18/2012 - 16:25 | 2902418 Bob
Bob's picture

True, on the mass level.  But the frenetic widening of the income/wealth gap still gives many spenders an increasingly hot buttload of money to waste.  High ticket consumption is strong worldwide. 

GOOG will have to put some squeeze on them.  True, without little guys who have a few bucks to waste in pursuit of their precious american dream and, hence, ready for a good raping on their way into BK,  this is only the beginning of the headwinds facing Google.

Thu, 10/18/2012 - 15:07 | 2902140 Payne
Payne's picture

imagine how bad Facebook is ??

Do NOT follow this link or you will be banned from the site!