Google is down $35 a share to around $451 and continues to be under pressure. Why? comScore came out with January U.S. paid search data and it doesn’t look good. Google’s sponsored clicks were down 7 percent month-over-month, effectively flat year-over-year and down 12 percent quarter-over-quarter. Ben Schachter of UBS, while trying to downplay the impact of one month worth of data, made cautionary noises and cut his estimates on the company for 2008 and 2009. Other analysts are feeling equally bearish.
Google Down 7%. Why? —
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