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Technology Stocks : Baidu (BIDU)
BIDU 232.50-1.9%Apr 20 8:00 PM EDTNews

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To: Glenn Petersen who wrote (1781)4/24/2017 3:45:00 PM
From: Paul Senior   of 1800
 
" The common jibe about Baidu among local experts is that it is becoming the Yahoo of China, a once-dominant search giant that sank owing to a lack of innovation and a series of management blunders.

Its revenue growth fell to 6.3% in 2016, down from 35% in 2015 and 54% in 2014. The firm gets some nine-tenths of its revenues from online ads, but this income is plunging as marketers redirect spending from search ads on Baidu to social-media networks like WeChat and mobile-commerce platforms run by Alibaba."


And this isn't comforting about BIDU: barrons.com


Well... it's enough now to scare me out. Have held BIDU shares for four years, seems like a good day to get out: I will close position. Am holding a few shares of Tencent; will focus there and add a few more shares.
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