Got Ads?
10/29/2005
  The web as echo chamber

The web is good at echoing the early consensus. When Google results were summarized as a "sevenfold increase in profits" a lot of places picked that tidbit up, including blogs of analysts who you'd think would put a little more critical analysis into the problem.

That "sevenfold" impressiveness is a classic lie with stastics - it's a comparison against one quarter in 2004, and a charge of $201M was made in that quarter to pay off a lawsuit on the Overture patents. In other words, 2004's results were depressed by the one-time charge, which is now making 2005's results look amazing. Without the charge, Google's profits were up around 33% from the same quarter last year.

But when I searched for [sevenfold profits] on Google, I was surprised at the many other companies who have reported such a sizable comparitive increase over some random time period:

And, Google - back in February 2005...

If you replicate that search, you may notice that a lot of the citations are from day trader type stock pushers hyping some stock you never heard of, and its recent "sevenfold increase"

 


Links to this post:

Create a Link



<< Home

Subscribe to GotAds?



Links



Recent Posts

The web as echo chamber


Archives

February 2005 /  March 2005 /  April 2005 /  May 2005 /  June 2005 /  July 2005 /  August 2005 /  September 2005 /  October 2005 /  November 2005 /  December 2005 /  January 2006 /  February 2006 /  March 2006 /  April 2006 /  May 2006 /  June 2006 /  July 2006 /  August 2006 /  September 2006 /  October 2006 /  November 2006 /  December 2006 /  January 2007 /  February 2007 /  March 2007 /  April 2007 /  May 2007 /  June 2007 /  July 2007 /  August 2007 /  September 2007 /  October 2007 /  November 2007 /  December 2007 /  January 2008 /  February 2008 /  March 2008 /  April 2008 /  May 2008 /  June 2008 /  July 2008 /  August 2008 /  September 2008 /  November 2008 /  December 2008 /  January 2009 /  March 2009 /