Wednesday, November 22, 2006

Google’s Shares Climb Above $500 - New York Times

The New York Times has an interesting look at Google's meteoric rise.

Google’s Shares Climb Above $500 - New York Times:
"Google’s shares gained $14.60, or 3 percent to close at $509.65, passing the $500 mark for the first time....Not bad for a company that was forced to reduce its initial share price to $85 barely two years ago because of lackluster demand. It quickly confounded the skeptics, rising to $100 on the first day of trading, and hitting closes of $200, $300 and $400 all within the course of 2005.

Google now has a total value of more than $150 billion, exceeding all but 13 American companies — icons of commerce "

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