Unfortunately, Hurricane Sandy closed the market for two days. As we returned to action today, Baidu (NASDAQ:BIDU) dropped by 6%. However, Baidu isn't sitting idly by. The company has invested heavily into other initiatives designed toward broadening and more effectively monetizing its user base, such as mobile browser, cloud services, and more. The company is at 27x its earnings but, on the other hand, it is still growing 50% each quarter. In this video, Fool.com tech and telecom analyst Andrew Tonner gives two main concerns dragging down Baidu stock.
- Oct 31, 2012 at 10:11PM
- Technology and Telecom