Actually I believe Google is the one caught between a rock and a hard place here because their stock will reprice once the market realizes how much their position has weakened re: search ads.
They commanded an absurd premium on ads by virtue of being monopolistic leaders of search. They don't have a better product anymore, only a scale/distribution advantage.
They commanded an absurd premium on ads by virtue of being monopolistic leaders of search. They don't have a better product anymore, only a scale/distribution advantage.