It might not be good news for Google people (and I’m sorry guys) but its good news for preventing Bubble 2.0.
The latest in a series of abrupt downturns in Google’s stock followed CFO George Reyes’ answer to a question
during an investor conference Tuesday hosted by Merrill Lynch in New York.
But I have to admit that I predicted this (at least somewhat).
The key points are:
After hailing the results of an 18-month effort to boost advertising revenue, Reyes predicted it will become increasingly difficult for Mountain View, California-based Google to maintain its rapid growth pace.
“Most of what’s left is just organic growth, which means you have to find ways to grow your traffic,” Reyes said. “Clearly, our growth rates are slowing, and you see that each and every quarter.”
Of course these are all fickle day traders. How the heck do you impress these people?