Today Google’s stock price crossed above $800, sparking a bunch of headlines as to the supposed significance of the event. But it needs to be kept in perspective.
Google went public back in 2004 for $85 per share. When the initial public offering (IPO) happened, the stock rallied immediately and closed just over $100. It has had its ups and downs over the years, but people who bought at the IPO have made almost 10x their money in under 10 years. Not too shabby.
Just think. In 2004 there was no Android and there was no YouTube. And so today not only is Google still the world leader in search, but they’re also the world leader in user generated video sharing and mobile operating systems. Oh, and Google still slaughters everyone else in search.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/7CippbwbGKE/story01.htm
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