Google Stock News - (NASDAQ:GOOG) China And Search Engine Market Share News
Google shares have remained relatively flat in the past week as the company took a spat with China public and threatened to leave the country.
Shares of Google (NASDAQ:GOOG) are currently trading for $587.03, well within their normal range. So far, there appears to be no affect on the stock, despite Google perhaps permanently hurting its prospects in China.
In light of recent events, Google has held up on plans to sell mobile phones in China.
Despite all the bad news on this front, it's business as usual for Google the search engine. The company had 65.7% of the share of search market in December, according to comScore.
Despite apparent miscues in China and the mobile market, Google still commands such a huge share of the search market that investors are willing to ignore the red flags.
If Bing ever captured significant market share, it would be interesting to see if these same investors stayed long. Right now, that is still a lony way off.
Google's stock market performance promises to remain hot as long as the company is so dominant in search.
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