Google earnings are out, and they’re bad. The Motorola acquisition has hurt them, costs are up, and ad revenue increased only modestly. Naturally, their stock price immediately plunged:
Google shares fell fast after the release and are now halted. The stock dropped as much as 11% to $676 before bouncing back and being halted at $687.30, down 9%.
Wait a second. What am I missing here? Trading has been halted because Google shares dropped 9%? That hardly seems like a halt-worthy decline. I wonder what else is going on?