Google's Stock Sets New All-Time High
By - Source: via CNet
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The company synonymous with search continues to post solid numbers -- both in earnings and in stock price.
Despite weak numbers posted by Motorola Mobility a few days ago, Google's third-quarter earnings, triggered a stock price jump of over 10 percent and set a new record at just over $1,000 per share.
To Google's credit, it has seen strong growth in the Android phone sales, paid clicks, and advertising with its partners. Since its IPO in 2004, Google has continued to show strong growth more or less consistently. If it continue to prepare itself this well for a mobile-driven world, it probably won't be losing relevance any time soon.
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Hence it is always good to see a good innovative company gain Market Value. Good to see that.
Market cap is what determines the total value. Google's market cap is around $338 billion.
For comparison, Apple is $508 billion and Microsoft is $292 billion as of today.
The market capitalization means dick to everyone except to fanboy trolls who want to tell everyone "my company is bigger than yours". To the rest of us it means jack.
Hmm, in today's world normally we just "google" it for the answer.
But anyway, the article never implies in anyway the market cap of Google has surpassed Apple, or trying to compare Google to Apple in any way. And by virtue that such comparison is never made, it can already be safely deduced that it does not. So the article did not try to misled anyone.
Google stocks have set an all time high for GOOG stocks. There are other stocks that are higher than that. Calumet and Hecla had a stock price of $1000 back in 1907.
Trolls will be trolls.