January 23, 2006

GOOGLE GURGLE

Google founder Sergey Brin
Last Friday, the Web darling's stock price fell 8.5 percent to close below $400 — its largest single-day drop ever.
The selloff came after a week in which mounting concerns that expectations may have risen too high for Google were compounded by its involvement in a government investigation.

Google's announcement last Thursday that it would refuse a Justice Department demand to turn over a sample of its search data gave investors an excuse to do just that — and on Friday, investors pushed the share price below $400 for the first time since November.
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