Google Finance

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On March 21, 2006, Google, Inc. launched the new Google Finance website. The service features business and enterprise headlines for many corporations including their financial decisions and major news events. Stock information is available, as are Adobe Flash-based stock price charts.

Google launched a revamped version of their finance site on December 12, 2006, featuring a new homepage design which lets users see currency information, sector performance for the U.S. market, and a listing of top market movers along with the relevant and important news of the day. A top movers section was also added, based on popularity determined by Google Trends. The upgrade also featured charts containing up to 40 years of data for U.S. stocks, and richer portfolio options.

Criticism

A major criticism of Google Finance compared to many other leading online financial pages is that it is too US-centred, and information from other countries is either minimal or non-existent.^{[citation needed]} Moreover, competitive sites such as Yahoo Finance provide the ability to track spot Gold, currencies, and other products in personally created portfolios.

On Dec 15, 2006, Hitwise published a report citing a dismal market share of 0.78% market share relative to Yahoo's 37.3% market share in the finance category.^{[citation needed]} This was quite ironic and surprising given that Google hired Yahoo Finance management to start Google Finance.^{[citation needed]} Google Finance is also one of the rare Google products that is developed entirely offshore.^{[citation needed]}

Google Finance is often cited as an example of an unsuccessful foray into a web service beyond web search, of which Google has many but only a fraction of which have attained a large and devoted following.^{[citation needed]} As of November 2006, eight months after being launched, Google Finance has 579,000 users, as opposed to Yahoo Finance's 13.7 million.^{[citation needed]} Yahoo users also spend about 28 minutes on their finance site, approximately double the time of Google Finance users.^{[citation needed]}

External links

• Google Finance website

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