Darren Prosper

October 1, 2008

Google Share Price Drop

Filed under: Uncategorized — darrenprosper @ 4:39 pm
Can’t weather out the market downturn. Will you hold on to your Google stocks?
clipped from www.techcrunch.com

Apparently more than a few traders had heart palpitations today. As the market closed, Google’s share price appeared to fall apart, falling to $200 from an opening price of $396. At least that’s what the Nasdaq ticker showed.

That was $62 billion in market cap that was zapped away in the last four minutes before the fiscal quarter ended and the markets closed, and it was automatically reported by Google Finance and other sites (the comments here on MarketWatch’s uncorrected article show how freaked out some people were).

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