This past Friday Google lost nearly 8.5% percent of it’s stock value. Now granted this stock has been on a whirlwind since it’s IPO 18 months ago, but investors are beginning to question Google’s “can do no wrong†image. Revenues have doubled from last year but are still overwhelmingly from existing but growing ad revenues. As a daily Google user I have been continually impressed with many of Google’s product offerings which I think have huge potentials as revenue streams. The question has to be: From a business prospective is Google going in too many directions and beginning to spin out of control from it’s unprecedented growth?
A simple example of Google’s awesome ability to offer up new products that do not necessaryily generate revenue is this site. Blogger.com is owned by Google, I’m not paying to use this site and neither are you… So what’s in it for Google?
