In an article on 247Wallst, it was reported that Google Inc (NASDAQ:GOOGL) stock is plummeting on the S&P 500 index for a year now. The hope is dwindling for the investors of Google and Wall Street is also taking Google stocks as ordinary. Google Inc (NASDAQ:GOOGL) is facing massive competition in the ads domain. Gone are the days when the search engine giant was the only juggernaut in the search and websites domain. Facebook, Twitter are here to challenge it. While Google Inc (NASDAQ:GOOGL) is investing heavily in the long terms projects and endeavors like Healthcare, genomics and drones, it is not improving in the areas which are regarded as the most vital driving factors for a stock. These areas include social media, video, ads, smartphones, ecommerce and Internet of Things.
The source said that although Google Inc (NASDAQ:GOOGL) logged around 20% increase in revenues ($66 billion) last year, it is still facing some issues in increasing the income from operations figure. Google Inc (NASDAQ:GOOGL) accused its stock-based compensations as its biggest problem in increasing the operations income figure. But the article says that the bulging workforce and increasing small and large projects by Google Inc (NASDAQ:GOOGL) are also imbibing more expenses and resources of the company.
Google Inc (NASDAQ:GOOGL) is facing massive problems not only in China, India and connected Asian markets, but also in EU, where regulators are becoming a constants nuisance for the US companies. Google Inc (NASDAQ:GOOGL) has still a few major challenges to tackle in the months to come.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.