There is no obvious reason why the economy would negatively impact Google’s
users and not those of Yahoo!, MSN, AOL, Ask and others. Furthermore, we don’t
need a weak economy rationale to explain the recent decline -- since a similar
decline occurred earlier in 2007 when a weak economy wasn’t an issue.
This makes a lot of sense because why would an advertiser only cut online ad budgets at the site that provides the most eyeballs? You would figure they would first cut their ad spending in the smaller marketshare 2nd tier search area and then work upwards as conditions at their company worsened. Looking at this info I think that anyone who was able to get long Google below $460 got a pretty nice entry point.
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