Google’s Stock declines as New CEO takes control
Google’s Stock declines as New CEO takes control

A huge row of disappointment was observed in the market analysts and shareholders of Google alike as they expected the internet giant’s co-founder and new Chief Executive Officer (CEO) Larry Page to divulge more about his future plans and strategies for the betterment of the company.

But seems like, the man of few words believes more in performing than in speaking it aloud. The 38-year-old prescient let down the eager listeners who were waiting for him anxiously at the earnings conference call.

Accompanied with analysts, Page uttered just few words that left the audiences dissatisfied.

A Google shareholder, Jay Welles, who works as an Analyst with Manning & Napier Advisors, claimed: "We think the concerns about his leadership are overblown, but this was a missed opportunity to address that issue”.

After the year that was filled with major expenses and earnings, Google earned revenue close to $8.6 billion.

With a net profit of some $2.3 billion in the first-quarter, the company has earned the profit 18% more than the previous year.

Despite this, a slip of 12% in its stocks has been observed since the company’s announcement of Page as the succeeding CEO.

In fact, on Thursday, the Google shares reported for a new low of $547 in six months.

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