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    HomeNewsTechnologyStifel downgrades Google on Facebook threat

    Stifel downgrades Google on Facebook threat

    Stifel Nicolaus downgraded Google Inc to "hold" from "buy" on worries that growth in the Internet search giant's core business may be slowing ...

    October 06, 2011 / 15:55 IST

    Stifel Nicolaus downgraded Google Inc to "hold" from "buy" on worries that growth in the Internet search giant's core business may be slowing due to the onslaught of mobile and social media websites like Facebook. With more than 30 percent of Internet minutes spent on Facebook the Internet's centre of gravity is shifting from Google to Facebook, analyst Jordan Rohan said in a note to clients. "Search just isn't the bright shiny object that it was when Google became a public company in 2004," he wrote.Click here for full story

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    first published: Oct 6, 2011 03:55 pm

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