Google stock breaks the $1000 mark for the first time
Google’s strong third quarter has investors showing their confidence in the tech giant. Following yesterday’s remarks, which highlighted financial figures that beat analyst expectations, Google’s stock value has increased nearly 33 percent, rising to over $1000 for the first time in the company’s history.
Google announced $14.89 billion in revenues for Q3 amidst plans for Google Experience kiosks at Best Buy stores, the potential for a Google-powered smartwatch, and the upcoming launch of Android KitKat and the Nexus 5. This is on top of a search business that continues to see growth and an advertising arm that will account for 33 percent of all online ad business by the end of the year.
It’s a great time to be Google. It’s a better time to be one of the lucky ones who invested early in what has grown to be one of the biggest forces in not only technology, but the world. In case you were wondering, when Google first went public shares were priced at $85 a pop.
[via Bloomberg]