The reason? Missed estimates. Even though, at first glance, it looks like Google is doing well. I guess it’s all about stock valuation.
(Plus, it’s just the afterhours. Things often get better, or worse, at the open the following day).
Other things weighing on the company? …the 10% salary increase awarded to all employees earlier this year also weighed on the company’s margins. Google has been widely seen as having to work hard to retain employees who might otherwise seek out jobs with younger firms specializing in social-networking services, such as Facebook Inc.
That’s actually a good sign for IT workers. If companies have to fight to retain and hire quality workers, that will push salaries up.
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I was in two fantasy basketball leagues this year. Won the first one. In the second one, I finished second. Lost by TWO free throws. Whoa.