Google’s share price has just topped the $300 mark and is currently sitting pretty at $307.86. That’s good news for Google, but what amazes me is that this is well over double the price they suggested as their initial share price (around $130) when they floated last year and yet they were forced to reduce the initial price below $100. Anybody that bought at $100 or less has no doubt made a tidy profit by this time.
In other Google news, apparently their share of the search market has grown above 50% in the US for the first time ever. Combine that with the even higher market share they hold in most of Europe and you have an extremely popular search engine with well over twice it’s nearest competitors market share. You can read Websidestory’s press release on Google’s growing market share here.
This snippet from the above press release sums up the reason for both the above mentioned results in my humble opinion:
“Google has become a staple for any serious online marketing operation and this data shows why: They generate more than half of all online search referrals in the U.S. and as much as 90 percent in other countries. Google’s early decision to focus on quality of search results has clearly paid off.”
April 29th, 2020 at 12:32 am
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