Google Stock Goes Up $89.87...In One Day

April 18, 2008

Google Stock Goes Up $89.87...In One Day

How's this for staggering numbers?

Yesterday (Thursday), Google stock (Ticker Symbol: GOOG) closed at $449.54 and today it went up $89.87 or 19.99% to close at $539.41.

So what prompted such a run up in Google stock. Staggering numbers of course, specifically Google's Q1 numbers which were released after the close of trading on Thursday. As detailed in this AP story, Google's 1st quarter profit rose 30% from the first quarter of 2007 to $1.31 billion or $4.12/share. Revenue for the first quarter was $5.19 billion, which is 42% higher than their revenue for Q1 of '07.

One company with over 5 billion dollars of revenue in 90 days. Pretty staggering huh? Still don't believe in Internet marketing?

Apr 18, 2008 8:44:49 PM | Internet Marketing Industry News & Trends

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