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Last week Google saw its stock price climb above the $1000 mark. The shares jumped on Friday and saw a 13% raise to a high of $1008.18. Google now holds a market value of $40 billion and is worth more than Microsoft and Berkshire Hathaway. It is ranked 3rd in the United States for market value, behind Exxon Mobil and Apple. Investors have been gaining confidence in the company after continued dominance of mobile an video advertising business compared to competitors such as Facebook and Yahoo. Google saw advertising rise 26% this past year and expectations are that advertising with Google with continue to rise moving forward. Besides the search engine, Google is also known for their Chrome browser, maps and their Nexus smart devices. In addition Google owns the Android ecosystem and they are beginning to see a snowballing effect here as growth of apps and users generate more profit. Google is also seeing revenue growth outside of the United States and the UK, in markets such as South Korea and Japan.
http://aclassasset.blogspot.com/2013/10/google-climbed-to-1000.html