Google’s dominant run in the stock market continues despite certain trials and tribulations. The biggest hurdle Google Inc. (NASDAQ:GOOG) had to face in the past week was the resurfacing of the right to be forgotten law. Tokyo’s district court ruled in favor of a citizen who claimed that there was data available on Google’s search engine that was injurious to his reputation and was threatening his life.
Since May 29 earlier this year, Google has received over 144,000 requests, out of which Google has responded to 42 percent requests. The rest are under process and many were denied after being declared baseless.
Google will enter into a tech battle with Samsung when it unleashes its phablet in the market, which will be a direct competitor of Note 3 and 4. The 5.9 inch screen smartphone will be called Nexus ‘shamu’ and will be made by Lenovo.
Google also took a massive step with the hopes to improve Latin American internet infrastructure by taking over the construction of a large-scale Fiber Optic cable that will be undersea and will link the United States to Brazil.
Google started its week in the stock market on October 6, Monday, opening at 589.95. An increase of three percent took Google to 592.40. A big loss of 7 percent dropped Google to 585.40. Later on at the end of the day the stock recovered a bit and closed at 587.78.
The next day, Tuesday, Google started trading at 584.90, which was quite low as compared to previous day’s number. Google regained a bit, rising up to 585.85 percent. Later in the day, Google suffered a massive setback of 11 percent, dropping down to 574.10 and shockingly closed at the very same number.
On Wednesday, Google opened up at 575.21 and immediately regained the lost value after rising to 584.69. The major scare of the week was when Google lost almost 20 percent and dropped down to 567.64. Later in the day Google regained its value and closed at 583.74.
Google started trading on Thursday at 575.21 and jumped up to 582.53. A dip in stock value later in the day left Google at 569.03 and the worst day of the week for Google concluded at 570.81/share.
Thursday was the worst day of the week until Friday came. Google resumed trading at 567.70 and rose up to 575.23. By midday, Google lost 20 percent and fell down to 555.01, its lowest score in the month. Google concluded the week at 555.19.
The dip in stock value could be a result of its scuffle with European governments who are forcing Google to delete data, which Google terms ‘sensitive’. Google’s numbers are still dominant and it is known for regaining lost stock value within hours so it appears Google won’t be too worried about its last week in the stock market.
What Google Inc. (NASDAQ:GOOGL) needs to be worried about is the fact that too much political spotlight can create negative image of the company and may drag it into situations that will need political solutions. Going against governments and law enforcing agencies has never been an easy battle for any tech agency.
