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Did Google Issue a Bear Call? [GigaOM]
GigaOM Network —
... doused the ever ebullient Silicon Valley with a bucket of ice cold reality when it laid “good times” to rest. Today, one of Sequoia’s all time stars laid a big wreath on that grave in the pages of The Wall Street Journal. Google. And while it didn’t implicitly state that it might face tough times next year, comments by its CEO amount to a proverbial bear call which could mean bad news now only for Google but also for rest of the media and advertising sector. ...
Google: With Online Ads Weakening, BofA Cuts Estimates
BARRONS.com: Tech Trader Daily —
... Meanwhile, the Wall Street Journal in Wednesday’s edition has a long story discussing Google’s cost-cutting moves. ...
Linkpost | 12.3.2008
TechBlog —
... - Expect cash for Twitter in the first quarter of 2009, he says. • Google Gears Down for Tougher Times - Once an extravagant spender, Google, too, is cutting back. • ...
Google Cost Cuts Take The Company Away From Its Engineers
Silicon Alley Insider —
... Google CEO Eric Schimdt's not even pretending its real anymore. Here's the money quote from the Wall Street Journal's rehash of Google's cost cutting campaign: ...
If You Rely on Google’s Fringe Services You Need a Back-up Plan!
Andy Beal's Marketing Pilgrim —
... The Wall Street Journal takes a close look–aka one long article that includes everything we’ve covered over the past few months–at how Google is battening down the hatches. ...
Google's austerity campaign [Perks]
Gawker: valleywag —
... is most famous for its lavish perks. Now those are disappearing. The billions gushing in from Google's search monopoly don't make for a good story. Whenever Google's PR executives have looked to drum up press, they've led with the candy-colored offices, the free food, and the copious free time. All of those are now on the chopping block — which leaves not much to talk about at Google except the profits. The Wall Street Journal takes a look at Google's new push for cost cuts. As others have reported, Google is curtailing service at its ...
News Bits: Twitter CEO Evan Williams, Man of Mystery
Contentinople: —
... (Nasdaq: GOOG) has begun cutting back on spending , after revenue growth slowed in the past year, eliminating projects that "haven't really caught on" and "aren't really that exciting," CEO Eric Schmidt told The Wall Street Journal . "Letting a thousand flowers bloom and letting many of them stall and go nowhere has worked well to this point," Thomas Eisenmann, a professor at Harvard Business School, described the situation poetically. ...
Around the Web 11.3.08: Google cuts back, Yahoo gets out of radio, MySpace goes mobile, mice inherit the earth
L.A. Times Tech Blog —
... -- Shock, surprise: Google is cutting back. "We have to behave as though we don't know" what's going to happen, Chief Executive Eric Schmidt says. WSJ ...
Google to Curb Expenses as Wall Street Cuts Estimates on Google
eWeek - RSS Feeds —
... search advertising that enables Google to break the bank, but to what strength? Financial experts expect that to be impacted given the current economic climate. Many media pundits and bloggers put up stop signs over the Thanksgiving break last week about Google laying off workers after it was determined the layoffs were previously announced cuts of Google contractors. Yet despite a bang up third quarter, Google CEO Eric Schmidt didn't do Google any favors in telling the Wall Street Journal (read GigaOm synopsis here if thwarted by pay wall) Dec. 2 ...
Have A Backup Plan If You Rely On Google's Services
WebProNews Feed —
... While Google may be the darling of the tech industry, it s not immune to the worsening economic conditions aka the recession. A share price of just $275 is all the proof you need. The Wall Street Journal takes a close look aka one long article that includes everything we ve covered over the past few months at how Google is battening down the hatches. If you rely on any of Google s fringe services, you should be concerned about this: So with the U.S. economy in a recession, Google is ratcheting back spending and cutting new projects. We have to behave as though we don t know ...
You Know Times Are Tough When Google Gears Down
The Blade by Ron Schenone, MVP —
... sales of search ads, the small text ads that appear next to search results cranked out by its Internet search engine. The company realized that the torrid growth couldn’t continue forever. So far, it hasn’t come up with any big new revenue streams.
It was less than a year ago that it was being predicted that Google stock would surpass the $1,000 a share mark. Now it is at $275 as of this writing.
Comments welcome.
Source.
Chrome’s Extensions: The Missing Piece for Google Apps [GigaOM]
GigaOM Network —
... With Google looking to find revenues beyond advertising, monetizing those 10 million accounts has got to be a big priority. Selling third-party applications can’t be far off. Of course, these apps will work with any browser. But they’ll likely work better with Chrome and its extensions. ...
Google's Tighter Cost Controls
Google Operating System —
Wall Street Journal has a very interesting article that explains many recent Google decisions: from closing Lively to monetizing Google Finance. ...
Google hunkers down in tough times, rearranges employee priorities
BloggingStocks —
... Revenue growth at the search giant has slowed in the last year, as even internet advertising has slowed down in the face of a prolonged economic crunch that we're experiencing. Like many of us here at BloggingStocks have said for years, almost all of Google's revenue comes from online advertising. It was late to the game in trying to develop other revenue sources (yes, even a year makes a difference), and the incremental gains the company has seen in revenue still mostly revolve around some form of advertising. What happens when customers have no budget to advertise? ...
How Innovative is Google?
Biz-Tech 3.0 —
... The search phenom has thrown tons of dollars and resources at new projects (along with mega-perks for its employees), but few things beyond search have amounted to much.
The bottom line: companies can be as innovative and experimental as they want, but sometimes (like now, in tough economic times) that creativity can lead to setbacks.
That leaves Google facing, as Anthony puts it, a "moment of truth."
His post cites a Wall Street Journal article detailing how Google is scaling back in the face of the downturn.
Both are worth reading. But I'll make it easy on ...
Google's "Product Ideas" Campaign Isn't Crowdsourcing. It's a PR Stunt
Fast Company - Technology —
... that Google might now be unwilling to let their "programming teams go off on their own to forge failures." It's true that to stem costs, the company has been cutting down on its famous "20% time," in which it affords one day a week to its engineers to pursue their own pet projects. Many of Google's best ideas, like Gmail, have been products of 20% time, but in the face of a deepening recession, Googlers are going to have to be more focussed. Google CEO had ...
Google's Cost Cutting Pays off with Rise in Profits
Fast Company - Technology —
... Google surprised analysts this morning with a 9% increase in profit in the first quarter of 2009. The good news is likely a product of Google's aggressive cost-cutting measures, which ranged from axing unprofitable programs to cutting back on its notoriously lavish employee benefits. The search giant earned $1.42 billion in the quarter. ...
