Google Stock Blasts To All-Time High
After a four-year rocket ride following its spectacular 2004 IPO,
From 2007 to the middle of 2012, as the company's hyper-growth slowed, Google's stock multiple compressed.
But Google the company kept growing.
And Google the cash factory kept coining more and more money.
And now, with Google's stock having settled into a reasonable price-earnings ratio--24X trailing earnings--the stock is on the move again.
Today, Google's stock jumped $20 to a new all-time high of $776 a share.
The little search project that began in Sergey Brin and Larry Page's dorm rooms at Stanford in the late 1990s is now a global behemoth with 50,000+ employees and $50+ billion of revenue.
And it's valued at $255 billion.
- Spiti Valley guide 2024: Stunning locations & interesting things to do
- Zydus Q4 net profit surges 4-fold to ₹1,182 cr; revenue at ₹5,534 cr
- Sebi mulls facilitating MFs to invest in overseas funds with exposure to Indian securities
- India's forex reserves jump $2.56 bn to $644.15 bn
- JSW Steel Q4 net profit falls 65% to ₹1,322 crore