Yahoo's stocks goes down as expected.

Yahoo’s stocks went down 15% as it closed today, Monday. The reason for this decline was due to Microsoft’s withdrawal of a $47.5 billion takeover bid, which was rejected by CEO of Yahoo, Jerry Yang.

Yahoo’s shares went down a low $4.30 on Monday to finally close at $24.37, if you can remember Yahoo’s stocks were valued at $28.67, on friday before Microsoft decided to withdraw its bid.

In the mean time, Google’s stocks went up by $13.61, or 2.3% percent, to finally close at $594.90. There have been rumors going around of a merge between advertisements of Google and Yahoo, but if that were to happen, it would likely face antitrust hurdles.

On the other hand, Microsoft’s shares went down 16 cents, or 0.6% percent, to finally close at $29.08. Microsoft’s shares had declined about 10% percent to $29.24 since their bid to buy Yahoo.

The whole ordeal has made people think that Google is just going to grow stronger, and more unstoppable.

Analysts have been saying that Steve Ballmer, Microsoft’s CEO will now spend the money they were supposed to spend buying Yahoo on other things such as Myspace, Facebook, or even AOL.

One can only wonder What the future holds for the major search engine companies.