Google Shares Break $1,000 Barrier

October 20, 2013 · Posted in Economy · Comments Off on Google Shares Break $1,000 Barrier 

Google Share 1,000Last 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.

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