Techmology Bits
19 Oct
Google continues to have more money than you–or anyone, for that matter–as their 3rd Quarter profits rose nearly 50%. Having recently passed the $600-per-share mark, their stock continues to climb. Their market value is over $200 Billion, which makes them worth more than pretty much any web-based company except for Microsoft (which, it should be noted, began operations when the founders of Google were still in diapers).
What has caused Google to continue surging? Most analysts suggest it has a lot to do with how the company stretches itself. After establishing dominance in the field of search, Google has rolled out products and services almost constantly, including online office tools (like word processing, spreadsheets, and presentation software), email (Gmail), advertising, and much more. Rumors even abound that there will soon be a Google Phone hitting the market to compete with Apple’s iPhone.
If you own Google stock, good for you. You should be dancing. If not…it’s never too late to start, since the company shows no signs of slowing.
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