Google’s share price suffered a fall last night, closing at its lowest point for nine months.
The online giant saw its share price fall to $464.19 (£233.75) by close of trading yesterday. Since a November peak of $747.24, Google’s shares have fallen 38%.
The dip followed the publication of data by online analyst comScore which showed that the number of clicks on Google advertisements in the US fell by 0.3% year on year at 532 million.
At the start of February, Google reported 13% growth in fourth quarter profits, to $1.2 billion, with the number of paid clicks on advertisements up by 30% year on year (see Google Announces 13% Growth In Q4 Profits).
On Monday, Nielsen Online released data showing that Google increased its lead in search in the US in January, with 4.2 billion search queries for a share of 56.9%, up from 56.3% in December.
Google recently raised objections to a possible Microsoft takeover of Yahoo! (see Google Raises Objections To Microsoft/Yahoo! Deal).
Writing on the official Google blog, David Drummond, Google’s chief legal officer, said “Microsoft plus Yahoo! equals an overwhelming share of instant messaging and web email accounts. And between them, the two companies operate the two most heavily trafficked portals on the internet”.
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