Forget pennies - 707 is the new number… no, wait, it’s higher!
By Marques • Nov 1st, 2007 • Category: Featured Articles, Google, Internet, NewsIf you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
And it’s Google time again. It seems that we just can’t stop talking about it, doesn’t it?
Lately, Google as been mentioned non-stop around the blogging world, and mostly for not so good reasons. First was the PR spanking, then the normal visible PR update, now it’s the stealing incorporation of the “Open Social” term into the new Google OpenSocial. But not everything goes wrong for the Google empire. Or at least I don’t know how much bothered Google is by all the negative publicity it has been getting. You see, there is one measuring factor that might be much more interesting for Google’s admins than a few bloggers complaining: Google’s shares have hit yesterday (October 31st) the all time high of $707. That is over 54% increase from the last transaction of 2006 ($460.48) and almost an 8 fold increase in value since Google went public in 2004 at $84. Google is now the 5th biggest US company by market capitalization ($219 billion). And look at it go today… I’d even say that $707 is a thing of the past…
The plans to enter the mobile phone market are sure to push the price even higher, and with all the expansions into different “fields”, the fear of a sudden sell-off might not be justified.
So, fellow bloggers… We might not be happy, we might complain, we might say whatever we feel like it… No one on the big G is going to listen. That graphic above talks a lot higher than all of us together.
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Wow, 707, here I come!