Here's how much you would have made if you'd invested in Google at its IPO
Getty Images
In the immediate aftermath, employees who made big money were warned not to buy BMWs (or else they'd get their windshields smashed) or check the stock ticker at work (or else they'd have to buy the person who caught them a share).
People who bought shares on August 19, 2004, and kept it have made off well, as the stock price of Google and new parent company Alphabet has skyrocketed.
If you bought one share of Google in 2004 at its initial public offering price of $85, it would be two shares worth $1,575 today, taking into account Google's stock split.
That's a stunning $1,752.94% change, or about 18.5x.
So, let's assume that you bought more than one share:
If you bought ~$1,000 of stock (~11.76 shares) at the IPO price in 2004, you'd have ~$18,522 today.
If you'd invested $10,000, you'd have $185,384.53, a gain of $175,384.
If you'd been high-rolling with a $100,000 investment, you'd have a stunning $1,853,022.60.
Not too shabby.
Although the company has changed tremendously in the past 12 years - there are now separate divisions for self-driving cars, curing death, and improving cities - the core search experience looks pretty much the same.
Thanks to The Internet Archive, we can revisit those early days and see exactly what Google used to look like:
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar