Monday October 26, 2020

Bearish outlook seen on Google as competition grows

The number of bearish Google options climbed to an eight-year high on concern the company, trading within 7 per cent of a record, is losing to rivals in advertising on mobile devices.

17th January, 2013
Google robably lost market share in mobile advertising last year amid increased competition from companies such as Facebook and Twitter.

The number of bearish Google options climbed to an eight-year high on concern the company, trading within 7 per cent of a record, is losing to rivals in advertising on mobile devices.

The ratio of outstanding puts to sell Google shares versus calls to buy has jumped 61 per cent to 1.07-to-1 from a 2012 low in May and reached 1.12 on January 2nd, the highest since November 2004, according to data compiled by Bloomberg. The...

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