Google shares passes USD $600.0 for the first time
Google's market cap just surpassed Wal-Mart as shares hit $600—and with internet ad revenue growing 26%, this milestone is just the beginning.
This post was written in 2007. Some details may have changed since then.
Google share crosses USD $600.00 threshold today!
Yes guys, it's SGD $900.00 per Google share now. With S$900.00 in Singapore you can do a lot of things:
- Buy a new laptop
- Pay for food in 1 month
- Watch movies every single day for 3 months
- Buy 2 PSPs, not 1
- etc...
The share price makes Google's market capitalization to USD $190 billions, which also makes Google officially more valuable than FedEx, McDonalds, Coke, Intel, IBM and even Wal - Mart.
Ya, You read it right. Google now is more valuable than the old timer Wal - Mart.
The share continues to going up as we speak.
Also, US Internet advertising revenues grew more than 26 percent to about $10 billion in the first six months of the year, according to a study (figure shared by PricewaterhouseCoopers LLP study conducted quarterly by the Interactive Advertising Bureau)
At this growth rate of Internet advertising, in which keyword text ads has about 40% share, we are not expecting Google's share to drop anytime soon i suppose.
Well, this post is just to break the news to everyone!
Let's wait and see the reaction from the market place as more money is pouring into online industry.