The way Wall Street is currently evaluating companies, unless you consistently beat earnings plus offer a grow story, you are immediately punished with a share price drop in the 10 to 15%.
So an impact on 5% on their quarterly earnings could easily cost them 150 to 200 billion in market cap, even if on a temporary basis.
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[ 3.6 ms ] story [ 15.5 ms ] threadhttps://searchengineland.com/google-ad-revenue-q4-2023-43704...
So an impact on 5% on their quarterly earnings could easily cost them 150 to 200 billion in market cap, even if on a temporary basis.