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Google: Short Interest Increases on Job Cuts News

Your post is ignorant of the facts. Google has NOT said they will eliminate 10,000 jobs. They have only said that SOME of the 10,000 non-employee contract positions may be eliminated. This is a good thing for the company, as evidenced by the big rise of over $24 after it was disclosed yesterday. The cost savings will result in an improved margin and greater profitability for GOOG.