Google Investment in AOL Going Bad?
Mon, 08/11/2008 - 07:59 — Walt Thiessen
The news that Google may be admitting that their $1 billion advertising investment in AOL might not be panning out is leading analysts to revisit and reevaluate their recommendations of Google stock.
At the time of Google's deal with AOL, it made many believe that AOL's market value was in the $20 billion range, but given the admission in Google's latest quarterly financial reports, that value may now be below $10 billion.
So for all you investors out there who have gotten into something that you thought was going to be really big only to discover that it wasn't nearly as good as you'd hoped, you can feel reassured today. Even the big boys make mistakes. The only difference is that when they make mistakes, the consequences are much bigger than your mistakes are!
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