Google stocks dip again on investor worries

The stock price of Internet giant Google has dropped by more than 4%, mainly due to investor worries, an Associated Press report said.

 

The report said investors continued to worry about several risks that threatened to squeeze the company's profit margins and cut its market value in half.

 

The report added that the gloomy scenario further dampened investors' enthusiasm for Google, whose market value had plunged by 27% during the past month to wipe out nearly $40 billion in shareholder wealth.

 

Google's fourth-quarter earnings report did not live up to analysts' lofty expectations. The company also alienated some of its users by launching a censored version of its search engine in China to adhere to that country's government restrictions on free speech, the report said.

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