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Google stock breaks $1,000 for the first time


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#1 +techbeck


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Posted 18 October 2013 - 14:50

After a quarterly earnings report that beat Wall Street's expectations for the first time in three quarters, Google's stock price hit $1,000 for the first time today. Investors were impressed by the company's continued growth in its core search advertising business, although advertisers are paying less for individual clicks than they used to. By the end of the year Google is expected to own 33 percent of the global online advertising business, up from 31 percent last year, Bloomberg reported. With today's 13 percent stock surge, Google is now the world's third-most valuable company, after Apple and ExxonMobil.




#2 Growled


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Posted 22 October 2013 - 02:26

That's amazing. For a time I thought Apple would get to this mark first.

#3 +Phouchg


    Random Oracle

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Posted 22 October 2013 - 05:47

Google's power is moved by it's first business model, advertising, as despicable as it may be, rather than solely the very volatile gadget and techy crap market, in which no sane man should ever put any trust into.

#4 Growled


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Posted 22 October 2013 - 14:50

^ I hate to say it but I think Google's business model is just going to be more successful as time goes on. I believe we will see more ads instead of less of them and nobody does them better than Google.

#5 ShockD



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Posted 22 October 2013 - 14:54

I see them get ahead of Apple too in the near future. They just seem to be developing in a better direction.

#6 AJerman


    Boomer Sooner!

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Posted 22 October 2013 - 15:39

That's crazy. I wish I owned some!

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