Free falling Google stock scares employees and the world

October 10, 2008

Free falling Google stocks scare employees and the world Snap to it, Google, the world looks at you as a leader, and we need you more now than ever, to show us how continued innovation will bring success, even in the midst of a spinning financial market. Now is the time to show off your best ideas and bring the world’s attention back to something sustainable. It’s in your best interests too, Google, especially considering your employees are upset by free falling stock options.

Of course, Google can only do so much to change the world’s opinion that we’re in a financial crisis and that every business must be, or shortly will be performing horribly. After all, the stock jockeys and their directors, flipping shares back and forth, are the immediate catalysts of the problem. And Google employees are especially concerned because “. . . a huge chunk of their options (1.7 million across the company) were granted with a weighted average exercise price of $329.78. The options are worthless under that price.” according to TechCrunch.

Considering Google’s stocks closed at $332 per share today, for a lot of employees that’s too close for comfort.

It’s interesting to note the consistency in performance of stocks between Google, Yahoo and Microsoft. Microsoft seems to be withstanding somewhat better than the other two, but that could be related to its well-established sales in staples like office and operating system software.

Google, Yahoo and Microsoft Stock Chart

Of course, falling stocks don’t always indicate a company is doing poorly and Google just recently announced a massive campaign to donate funds or manpower based on suggestions from visitors with its Project 10100. That has the potential to create a snowdrift of good publicity and pull the focus away from the puking financial market.

It also may be lucky timing for Google as it continues to push toward the mobile phone market with the open source Android operating system. That has the potential to further diversify its income by appealing to sponsors and consumers not interested in content only available from a traditional computer screen.

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5 Responses to “Free falling Google stock scares employees and the world”

  1. James Grimson:

    With Google generating big chunks of its revenue from advertising, it’s very vulnerable from the coming recession/depression. The financial crisis might be just what’s need to knock Google off its perch, and restore Microsoft to it’s rightful position.

  2. BellBird:

    If Google goes down, we all go down

  3. Jojo:

    Google will be absolutely fine in the long term as Microsoft continue to become more and more irrelevant with each passing day. Microsoft had it’s glory days but it is truly a tired, lumbering, outdated company and a big reason Bill Gates left the company at still a young age and dumping his dead money stock before it becomes more and more worthless. Google is innovating daily and getting better, bigger and stronger and is positioned very well. Microsoft can only react with Google envy. Google is the future. Microsoft’s only rightful position now is in the history books. That is why big hedge fund manager David Einhorn said on the news today, Friday, 10.10.08, that he’s done with Microsoft. Google it and see what I mean. Many other hedge funds and big institutions will most likely follow suit. Noticed how many of these old companies are going under. Microsoft is an old tired company. Time for Microsoft to retire it’s tarnished crown and what’s left of it, stop its dillusions of grandeur a la Don Quixote, move over and make way for the new and refreshing. Make way for Google!

  4. Hare Krishna:

    real reason google stock is falling, is because, the next country for google to be kicked out will be India. Google has disrespect to the land where Supreme personality of Godhead Krishna, has walked the Earth. India is the source of all spiritual energy, and even Lord Jesus had visited India.
    Indian law prohibits spread of pornography through internet. 3 yr imprisonment for that. Bing.in and Yahoo.in have adult filters as per local law and Google.in refuses to put filters. As a result, Google.in is under fire.
    Pretty soon pakistan, bangladesh, venezuela, russia and singapore, and more to follow suit because of google is really becoming a spying engine. Classic example of why it got kicked out of China. Although google has us beleive otherwise.

  5. Ruby Chamness:

    It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you some interesting things or suggestions. Maybe you can write next articles referring to this article. I desire to read even more things about it!

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