Google Stock Price Reaches All-Time High
As reported by CNN, Google’s stock hit a record high of $750.04 in late trading Monday. The stock reached $747.84 around noon Eastern Time, passing a previous all-time high set in November 2007 of $747.24. During the economic crisis in 2009, Google’s shares traded below $300 and investors worried that Google had peaked.
Today, Google continues to provide the most dominant search engine with over 65% of search traffic according to published studies (though our data suggests as high as 80%). Google has also ventured into dozens of additional niches including: Android (software for mobile phones), Google Maps, Google Apps (cloud based tools for business), display advertising and Google+ (a social network that competes with Facebook). Google generated $38 billion in revenue last year alone. Not bad for a company that supposedly peaked in 2009!