Google Loses $13 Billion Overnight - Bad Check Fees Adding Up?
Posted on July 19th, 2007 at 6:15 pm by Michael VanDeMar under Cuttisms, Google, lackofmeds
Hot on the heels of Google AdSense checks reportedly bouncing, and as Google heads to Washington to defend it’s recent Doubleclick acquisition (which as we all know, is part of their attempt to buy the whole Internet), it now looks like Google has managed to lose $13 Billion… overnight. (Thanks to Nathan Weinberg of InsideGoogle for reporting on this.)
“Reuters called the earnings report “disappointing”.”
All of this, at this point, of course now begs the question… Google, what’s your credit score? Are the banks still sending you credit card offers in the mail…?
“Jeffrey Lindsay, analyst at Sanford C. Bernstein, says… “These guys have been spending like drunken sailors.””
So, it looks like Google plans of imminent World Domination that have been worrying people have been grossly over rated. Or at least under-funded. 
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July 17th, 2008 at 6:55 pm
[...] year on July 19th, Google Inc. (GOOG) managed to lose $13 Billion in after hours trading. That’s a pretty amazing amount of cash, if you ask me. However, what’s even more [...]