A huge amount of Twitter accounts were blocked by Google Inc (NASDAQ:GOOG) on Dec 31, 2012 after the world’s biggest search engine announced the social media network’s picture sharing service, Twitpic, a ”malicious threat” to computers.
The Mountain View, California based search company blocked access to Twitpic and any photos hosted by it from its popular browser Chrome in addition to from search results in other browsers, rendering millions of Twitter accounts out-of-the-way for several hours.
Web users attempting to view content on Twitpic instead received a grim message from Google.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) fell -0.43% to settle at $99.00, Yandex NV (NASDAQ:YNDX) moved down -0.87% to end at $21.75 while Blucora Inc (NASDAQ:BCOR) dropped -0.07% to finish at $15.34 on Friday.
Google Inc (NASDAQ:GOOG) on Dec 28, 2012 decreased -0.89% to the closing price of $700.01. The overall volume in the last trading session was 1.40 million shares. Its fifty two weeks range was $556.52 – $774.38. The total market capitalization remained at $230.02 billion.
GOOG is ahead of its 52-week low with 25.78% and lagging behind from its 52-week high price with -9.60%. GOOG’s last month’s stock price volatility remained 1.59%. In its share capital GOOG has 328.59 million outstanding shares, among them 261.07 million shares have been floated in market exchange. GOOG’s stock’s institutional ownership remained 85.76% while insider ownership included 0.08%.
The stock price of GOOG is moving down from its 20 days moving average with -0.35% and remote positively from 50 days moving average with 1.69%. GOOG’s current year’s earnings per share experienced an addition with 13.10% while its current quarter performance remained at -7.09%. Company’s beta coefficient included 1.08. Beta factors measure the amount of market risk associated with market trade.
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