Tuesday, November 21, 2006

Google shares climb past $500 barrier
(Telegraph, United Kingdom)

“For true believers, it was only a matter of time. Yesterday Google's share price rose above $500 for the first time, marking yet another milestone in a rapid rise that has catapulted the internet search leader from cheeky start-up into possibly the most influential company in the world.

As Wall Street continued to hike its expectations for the company, the shares jumped nearly 2pc to $506 in morning trading in New York, leaving Google with a market capitalisation of more than $154bn, bigger than all but a handful of global corporations just eight years after it was founded by two post-graduate students in a Silicon Valley garage.”