Google Shares Break $1,000 Barrier
Last Friday, the search engine giant, Google, shares have topped the $1,000 for the first time after the company reported better-than-expected earnings in Q3.
Google posted a 36% jump in net profits to $2.97bn for the last quarter, and beat revenue forecast with 12% year-on-year achievement.
The overall result gave Google a market value of $334bn, but was well below Apple’s $461bn.
In August 2004, Google shares were floating at $85 per share, giving the company a market value of $23bn at that time. If I have withhold some Google shares during that time, imagine how rich I would have been.
All the stakeholders, who started withholding shares for more than 5 years ago, would be extremely delighted by now. There is no sign of slowing down of Google.