The Google of 2005 wouldn't do this. The Google of 2005 would use this as opportunity to monopolize all the talent and move into some new space and eat everything with fantastic software. * I had a good seat to watch google obliterate mapquest and yahoomaps with amazing javascript maps. It was day and night. Yahoo was penny pinching their mapping engineers while Google was buying geographic satellite companies and in…
The market has reacted in the way you'd expect, share price is currently up 4.3% today. It's easy to use the recession to restructure and leave room for new potential talent to come in.