It is never surprising to see Google (GOOG)in the news. Whether it is for acquisitions, new services, updates, court cases, or anything else, it always seems to have a heavy news presence. Following the latest news, I do not expect much to be changing with Google stock, though it may be dropping slightly. This should be minor though, and nothing large enough has occurred to make this huge company suddenly appear weak. Its innovations and changes have just been too small to make a real difference though. It does have some positive news. It is so inconsequential, however, that I think Google stock will only be maintaining a steady price, if it manages not to drop.
Google is attempting to take some business away from companies like Amazon.com (AMZN). It is launching a new service called Google Trusted Stores, which gives customers information about shipping and customer service for various online merchants. In addition to this, Google will provide phone support to people who are struggling with the online merchants. This is certainly an improvement to Google’s e-commerce component of its business, but I do not believe the company will ever be able to compare to companies like Amazon (AMZN). I think that this will please people who already use Google’s online shopping services, but it is unlikely that this will draw a large number of customers away from Amazon. I do not expect this to have a large impact on either stock. To continue reading, click here.