Google Shares Hit All Time High Record on September 24


Google Shares Hit All Time High Record on September 24


Google‘s shares hit an all-time high record on Monday. Experts believe that the company’s share price surged because of company’s reliable advertising business making an impact on investors of Wall Street. Google’s stock reached the mark of $784.90 surpassing the previous record of $747.24 set in November month of 2007.

The recent surge in stock price of Google reflects the faith investors have showed again the company. It may be recalled that Google was trading below $300 mark during the global economic crisis. Google was going through a very critical phase for the past several months with many investors showing more interest to emerging online players instead of Google. But the trend has now taken a U-turn and now Google is back on the top of investors’ minds and stock market.

Google still maintains the reputation of being the world’s No.1 search engine. It grossed 438 billion in its revenue on 2011. The future prospects of Google are looking brighter than ever before with the new surge in share prices. Facebook and companies such as Groupon and Zynga had higher expectations in the public markets previous year, but were not able to achieve the desired success similar to Google especially with investors raising increased concerns about their future business prospects.

Brian Weiser, Analyst at Pivotal Research Group was stated as saying, “The markets have to come to appreciate that Google’s been making money hand over fist all this time.”

Some of the key factors that have contributed to Google’s revenue boost include:

  • Well managed search advertising business

  • Extending the business to display and mobile advertising
  • It seems Google’s good days are back and again testifies the fact that slow and steady wins the race.

    Most Read Articles
    Best Mobiles in India

    Read More About: technology google news
    Get Instant News Updates
    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Yes No
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more