Google’s Stock Crosses $1000 Mark, Now World’s 3rd Most Valuable Company
Google’s stock has crossed the $1000 mark for the first time ever, joining an ultra-exclusive club of companies that have passed the mark.
Google itself is now the world’s 3rd most valuable company, behind Apple and ExxonMobil.
Investors were impressed by the company’s continued growth in its core search advertising business, although advertisers are paying less for individual clicks than they used to.
By the end of the year Google is expected to own 33 percent of the global online advertising business, up
from 31 percent last year, Bloomberg reported.
