Google suspends trading on the Nasdaq
 

"Google Reveals 20% Drop In Income To $2.18bn
Google suspends trading on the Nasdaq after a draft of its third quarter earnings was released early, causing shares to drop 9%."


A Error has cost Billions of Dollars

Google Over Paid Motoralla


http://news.sky.com/story/999605/goo...come-to-2-18bn

On SkyNewsHD Business Report
And Ch4News Live in America

Strange decision to release the figures early.
The market already knew they would take a hit after taking on a company that was hemorrhaging so much money releasing the figures early just gives people a reason to jump ship at the same time and make things look worse than they really are.

These things never happen by accident i just wonder if somebody is about to become quite a large shareholder but wanted a better price.

What does it mean?

Are their shares worthless now? Or they just can't be bought or sold?

And why is have they done that if their profits were only down?

No its just a blip the shares dropped from being worth £470 down to £430 that graph is misleading trying to make it look worse than it is.
The profits were down as they expected them to be because they spent lots of money buying up another phone company.
The share prices dropped because releasing the profit figures early caused people to sell their shares quick incase lots of people sold their shares.

The share price is probably artificially low now and might be a good time to buy them.
If you can afford to buy a load at £430 each that is!


This is the real graph what happened is that drop on the end. (even now the amongst the highest they have ever been)

http://img.photobucket.com/albums/v6...ps860f34c6.jpg

Thanks bob, I think I understand it now :love: