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Pending Larry Quote
Definition - What does Pending Larry Quote mean?
Pending Larry Quote is an Internet meme that emerged on October 18th, 2012, when Google accidentally released its third-quarter earnings report before the markets opened - and before the report had been completed. The not-quite-finished report came with a space marked for a quote from Larry Page, the company's CEO, which read only "Pending Larry Quote." The mistake sparked an Internet meme over social media, especially Twitter. It also drew extra attention to the fact that Google had missed analyst expectations for the quarter, causing the stock to drop so precipitously that trading had to be halted.
Techopedia explains Pending Larry Quote
Later that same day, Google released a statement blaming the mistake on its financial printer. The quote that appeared in the final version of the release read:
"We had a strong quarter. Revenue was up 45 per cent year-on-year, and, at just 14 years old, we cleared our first $14-billion revenue quarter. I am also really excited about the progress we’re making creating a beautifully simple, intuitive Google experience across all devices."
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