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Google Stock Approaches $600

Friday, October 05, 2007

There has been some tremendous spikes this week in Google's share price. Today's close was at $594.05. According to Bloomberg, Google has the sixth- highest stock price in the U.S. and has surged 27 percent this year. As more companies shift ad budgets towards online campaigns, Google's wealth will continue to grow. As reported by Bloomberg,

The Web advertising market in the U.S. will grow 29 percent this year to $21.7 billion and then more than double by 2011, according to EMarketer Inc.

Google (GOOG) currently dominates the online ad market and has done so for the past five years. You want to know how Google makes money? Look no further then Google AdWords and Google AdSense.

Labels: Google stock price