Friday, November 18, 2005

Google This

Google's stock price closed above $400 a share for the first time yesterday, a move that analysts called a "milestone" in the torrid growth and extraordinary success of the Internet's most profitable public company.
At a closing price of $403.45, up $5.30, Google has a market value of more than $117 billion, putting it in a league of its own for a business that has been public for little more than a year.
As Google stock has skyrocketed, co-founders Sergey Brin and Larry Page, Chief Executive Eric Schmidt and hundreds of other Google employees have sold billions of dollars of the company's stock. The sales by Brin, Page and Schmidt alone have put hundreds of millions of dollars of cash into their pockets, as the rise in Google's stock price has vaulted the trio into the ranks of the wealthiest Americans.

No comments: