Adsense Revenue for This Publisher Down; Google Stock Up

It’s usually unwise to criticize the hand that feeds, particularly when that hand has billions of tentacles. That being said: What is the deal with Google Adsense? It has sunk below the online advertising Mendoza Line.

Starting at time of the September 2008 weekend when the world’s legendary financial institutions began collapsing, Adsense revenues on our fine line of websites have plummeted by more than half — even though traffic has increased.

Yet, a quick glance at the five-year chart for Google’s stock shows that the company has enjoyed a substantial rise in its market capitalization since the Lehman Brothers meltdown.

Quite interesting, particularly when one considers that the explanation most often provided for Google’s stratospheric stock price is advertising.