Brin And Page Drop $1.8 Billion In A Day

According to Bloomberg, Google shares slid 13% yesterday, their biggest-ever decline, after finance chief George Reyes said growth is slowing at the world’s most-used Internet search engine.
Bringing perspective to the news, Valley Wag reports:

Sergey Brin is worth $888.3 million less than yesterday. No news yet on how his swagger has been affected.
Larry Page’s fortune dropped by $910.5 million. Guess Lucy’s buying dinner tonight.

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About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Disc golfer. Fan of Kurt Vonnegut, community radio and wolves in the wild. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp.

  • http://www.adpulp.com Shawn

    It’s all on paper.
    Bloomberg also fails to mention that 5 weeks ago the stock was trading in the 470′s. the spooked-panic selling that took place yesterday on the CFO’s comments pales in comparison to the drop over those five weeks (on earnings disappointments).
    Counterpoint, a year ago, the stock traded in the 170s. so sitting at 365 and change as it is at the time I’m commenting looks like a good picture to me.
    Google is profitable, continues to have a moderate growth, but casual investors expected/hoped/wanted them to maintain an unmaintainable growth rate which overvalued the stock.
    It’s all relative I guess…