Does Google Stock Stand to Benefit from Recent News?
T = Trends for a Stock’s Movement
Google is a global technology company focused on improving the ways people engage with information. The business is focused on the following areas: search, advertising, operating systems and platforms, and enterprise. The company generates revenue primarily by delivering online advertising. Google is a search giant with most of the market share, largely because of its execution and delivery. An increasing number of consumers and companies worldwide are coming online, which will surely increase the amount of eyes on the company’s ads and in turn, advertising revenue. At this rate, look for Google to remain on top of the Internet world.
Reuters reports that BlackBerry (NASDAQ:BBRY) is in talks with Google, Cisco Systems (NASDAQ:CSCO), and SAP (NYSE:SAP) about selling itself as a whole or in parts as BlackBerry’s takeover bid from Fairfax Financial Holdings is looking even less certain. Of particular interest to buyers is BlackBerry’s patent portfolio and server network. Expressions of interest from potential buyers are due by early next week. Fairfax’s $4.7 billion bid for BlackBerry has come under question due to financing concerns.