Is Googlezon Upon Us?

Two headlines from DrudgeReport this morning:

BOOM: GOOGLE 1Q profit climbs 30%; tops analyst views…

SHOCK: NEW YORK TIMES POSTS LOSS; worst period 'company and newspaper industry have seen'…

Perhaps the long-predicted Googlezon media apocalypse will be here sooner than you think:

Comments

[Taktix?]

Iz all up in ur marketz shaar, takin' all ur reeders...

[Jake Boone]

This is clearly Warren's fault.

[VM]

Jake Boone is a man of class, style, and grace.

ooh - we're not doing that any more.

hrumph
[ambles off]

[Daniel Reeves]

SHOCK: NEW YORK TIMES POSTS LOSS; worst period 'company ... [has] seen'

Coffee and good news: a good way to kick off the day!

[Anonymoose.]

The Google headline is slightly misleading. Google's profits are up after being down last quarter. So really, they're back on track.

[dbcooper]

SHOCK: NEW YORK TIMES POSTS LOSS; worst period 'company ... [has] seen'

Coffee and good news: a good way to kick off the day!

Ah, but will the stuffwhitepeople like guy use for material if they have to cut back.

[Jake Boone]

Jake Boone is a man of class, style, and grace.

Lies! All lies!

[Rhywun]

1. I call BS on "changes that purposefully reduced the volume of commercial" at Google. I have seen their search results become much more commercial recently, with paid results sometimes taking up most of the first page.

2. I read the second headline as referring to the "New York Post"--oh well, I'll take either.

[Gilbert Martin]

Saw a story posted on MSN Money last night that said the two Google co-founders made about $2 billion each in an hour on the stock price move in after hours trading.

They've made a lot more this morning in regular trading.

Of course the stock is still considerably lower than it's all time high,

[Anonymoose.]

Of course the stock is still considerably lower than it's all time high,

And still considerably overpriced.

[Rhywun]

Google is basically Bubble 2.0 all by itself. Everybody is so thrilled to find something that can make money online, they're throwing all their money at it.

[Gene Berkman]

The profitability of Google is impressive, all the more so when so many companies are losing money. 8 National store chains are in bankruptcy, Borders Book Group is in trouble, Citigroup lost money this quarter etc. So bravo to Google for survining President Bush.

[lannychiu]

Yeah but the google co founders both lost about 8 billion earlier this year when the stock fell by 40%. Not that they aren't hugely wealthy.

I could never invest in the company, simply because the owners are in the constant process of liquidating their positions. I sort of get why a Bill Gates would do it, after his company has already grown huge. But with a fast grower like Google I get very concerned.