The FT's Google Flip-Flop

http://www.futureofcapitalism.com/2010/04/the-fts-google-flip-flop

The Financial Times, which on March 23 was calling Google's decision to stop censoring its search results in China a "lose-lose scenario," now says, in a Question and Answer feature on Google and China: "Is its business globally likely to suffer? No. Google is estimated to earn less than 2 per cent of its revenues from China, and if anything its reputation has benefited elsewhere since its decision to reject Chinese censorship."

Disclosure: Long Google, which is up about $24 a share since I bought it March 23 after reading the FT column calling its China decision a "lose-lose scenario."

by Ira Stoll  |  Apr 2, 2010 at 10:18 am Related Topics:  China, Google, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list