Google stock broke $600 yesterday, with an all time high of $610.26. Of course, the price made another breaking point today with a spike of $623 per share.
Google’s IPO back in April of 2004 has done wonders for the company. Raising nearly USD$3 billion with its IPO, Google has gone and done some unimaginable things. One acquisition after another from Google.
According to an article by Bloomberg, Lehman Brothers Holdings Inc. has announced that they expect Google’s stock to surpass the $700 barrier. This will be the largest and longest running stock hype in history.
Google has mobile technology in the works right now that will let them capture the remaining mobile advertising market that is still up for grabs. Google has gone both ways of declining that they are making a phone, then coming out and announcing that they are creating a phone, and they keep going back and forth about what they are really doing. Gphone news has been flying around the blogosphere everyday, but there is nothing definite yet.
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