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Google stock breaks $1,000 for the first time

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techbeck    4,805

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.

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http://www.theverge.com/2013/10/18/4852158/google-stock-breaks-1000-for-the-first-time

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Growled    3,880

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

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Phouchg    2,050

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.

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Growled    3,880

^ 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.

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ShockD    112

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

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AJerman    762

That's crazy. I wish I owned some!

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