It's purely the earnings numbers. Sentiment was negative going into the numbers, with a widespread expectation there would be a miss -- including us.
More Quotes from Mark Mahaney:
With small and mid-cap companies, there may be the potential for a takeout, but it's just very hard to get ahead of that. It's a highly speculative way to invest and investors need to be very cautious,Mark Mahaney
Even though they may be a seasonal trade, I'm not convinced that the holidays are the reason you want to own online commerce stocks.
Mark Mahaney
The higher their stock price goes, the more likely that others are going to spend more money to get a piece of the action.
Mark Mahaney
There is a steady migration of recruitment dollars going online, ... Employment figures are trading catalysts but this is a secular growth story, not a cyclical one, so month-to-month employment numbers are less and less relevant.
Mark Mahaney
Can you get better at finding what people are really looking for, based on either prior search traffic or something about their interests
Mark Mahaney
Readers Who Like This Quotation Also Like:
Ego is to the true self what a flashlight is to a spotlight.John Bradshaw
Dressed in the lion's skin, the ass spread terror far and wide.
Jean de La Fontaine
Stealing things is a glorious occupations, particularly in the art world.
Malcolm Mclaren