Google Stock hits a record $1000

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For the first time in three quarters,after a quarterly earnings report that amused Wall Street’s expectations Google’s stock price has now hit a record $1,000 for the first time today. The search giant has grown its its core search advertising business, and investors were impressed by its continuity although advertisers are paying less for individual clicks than they used to. According to a Bloomberg report it has predicted that by the end of the year Google will own 33 percent of the global
online advertising business, which is a 2 percent increment from 31 percent last year. Currently Google is now the world’s third-most valuable company, after Apple and ExxonMobil.

 

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