Archive - February, 2006

why is Google & Yahoo’s share price slide good for web 2.0?

Reading about Google’s stock ‘crashing’ (according to the homepage of the SMH at lunchtime today) made me smile. And its not because I own neither Google nor Yahoo shares. To me, it seems to validate the idea that whatever you want to call this time that we’re travelling through now in technologyland is not a bubble. I was less into the stockmarket back in the nineties than I am now (hard to believe, I know), but I don’t remember corrections like this happening to the darlings of the NASDAQ. In fact, I don’t remember them even really having to report performance (although that was probably because no one was paying any attention). Its particularly reassuring because Google is being pounded for not delivering on what are, really, astoundngly high expectations.

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