Google Stock Price Surpasses US$1,000, Becomes Third Most Valuable Company in the World

Posted by By Vernon 1 Min Read October 20, 2013
Google-CultofAndroid
Image credit: CultofAndroid
Google-CultofAndroid
Image credit: CultofAndroid

Google stock surpassed US$1,000 for the first time ever on Friday, 18 October 2013, a 13% rise, a day after the search giant announced its quarterly earnings.

Google beat Wall Street predictions by over US$100 million, with a revenue of US$14.8 billion for last quarter. A surge in mobile and video paid clicks advertising contributed to the rise in revenue.

With a market capital of over US$330 billion, Google is now the third most valuable company in the world, behind Apple and ExxonMobil.

Source: CultofAndroid

Vernon
Vernon
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Vernon is the founder and chief editor of Vernonchan.com. A graphic designer by profession, he has a deep love for technology, cars, gadgets, food, and travel. He tweets too much and is also known as a caffeine bacterium ("life's too short for bad coffee"). Bleeds Blue (go Chelsea FC!) and considers BMW, Porsche, Alfa Romeo cars to have in the garage--hallmarks of a true petrolhead.