Yet investors hated it.
They sold the stock, and it declined 5% immediately after the call. In 24 hours the price had lost $9, from $544 per share to $536.
Google is growing, for sure. But, counterintuitively, it is not growing at the same time, as the following charts show.
From a macro perspective, Google is boxed in by two factors: The available population on the Internet and the population on the mobile portion of the Internet.
Google – according to numbers from Asymco, the quant-y tech analysts – may not be growing so much as it is merely floating in place on a rising tide of humanity.
Unfortunately for Google, that tide is about to go out.
Internet growth is slowing – and Google is the Internet Google handles about 80% of all search queries, and hundreds of millions of people use Gmail and YouTube, its most famous brands. Google is so dominant that its economics are, in many ways, a proxy for the Web as a whole. How grows the Internet, grows Google. Read More News>>