Google stocks cross the $1000 barrier – An all time high for the company
Google has been soaring on an all time high since the company came into existence and is still continuing to do so. Reports from Bloomberg have said that the search giants have had a very (financially) strong Q3 with the company’s stock value increasing by nearly 33% and in doing so, breaking the $1000 barrier for the first time in the company’s history. For those of you who are still wondering as to how Google managed to achieve such heights is largely based on the revenue generated from the ads that Google sells. The company’s revenue has risen by up to 18% in the most recent quarter as compared to the corresponding period last year.
Most recently, the company also announced $14.89 billion in revenues for Q3 amidst plans for Google Experience kiosks at Best Buy stores, the potential for a Google-powered smartwatch, and the upcoming launch of Android KitKat and the Nexus 5 and much more exciting goodies to come in the near future. Just for the record, Google’s shares were priced at $85 when the company first went public way back in August 2004 and currently stands as one of the largest public companies in the world. Anyone interested in becoming a part of it ?