Sometimes you just can’t please Wall Street. On Friday, the day after it registered a pretty solid advertising rebound, Google’s stock plunged by nearly 8 per cent – its worst day in 16 months.
The market as a whole sold off more than a percentage point, but it was hard to find any clear reason for the Google slump. It almost seems like people have been fishing around for a good excuse to sell. Here’s how we handicap three possible explanations: