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GOOGLE is defending freedom against censorship in China, but paradoxically the market invests with the censors.

After two months of controversy with China's government over censorship, Google shut down its mainland portal early yesterday. -- PHOTO: AFP

Technology stocks put in a strong performance Tuesday, but Google Inc. was one exception, as the Internet giant’s shares retreated following a company decision to challenge government-imposed censorship laws in China.

Late Monday, Google said it had begun redirecting traffic from its Google.cn Chinese-language search engine to its Google.com.hk site, which is based in Hong Kong. The move came following weeks of negotiations between Google and Chinese authorities over Google’s plans to lift censorship controls on Google.cn.

Google shares (GOOG ) gave up $8.50, or 1.5%, to close at $549.

Google´s hardest competitor,the chinese engine company BAIDU , who obviously has no problem with the censorship of the chinese people,c losed today with a gain of +2.62%, up to $594,88.

Other  tech companies like Yahoo, Microsoft, Oracle, Cisco, IBM, did well today. Almost any major tech stock did well today. But no Google. And it is a shame.

It shows once again, that the world is upside down, if a company like Google stands against censorship and probably looses a market like the chinese, then the market punish them. Nothing would had happened if Google withdrawed from Burma (small market), but China…

On the other hand, the investors today preferred to put their money in favor of those who tolerate censorship and lack of freedom in China, in favor of the company BAIDU,  in some way the market showed today that money and freedom are two separate concepts. READ MORE HERE

But we in The Americas Post, we stand with GOOGLE, not because the company is important and mighty, but because we do believe that money, liberty and ethics can coexist. Maybe we are dead wrong.  READ MORE HERE

One Response to GOOGLE is defending freedom against censorship in China, but paradoxically the market invests with the censors.

  1. Latisha Dorcas

    March 24, 2010 at 2:15 pm

    This blog is great. How did you come up witht he idea?