Google gone wild

The Internet giant closed above $500 a share for the first time - $509.70 to be exact. If you don't own any Google stock, here's what you're missing, courtesy of the WSJ's Marketbeat:

-Since its IPO of $85 on Aug. 19, 2004, Google shares are up roughly 500 percent.

-Google is up about 408 percent from the closing price of $100.34 on the first day of trading.

-In a little over two years, Google has grown from a market capitalization of $30 billion to more than $150 billion.

-Google is now four times bigger than its closest competitor, Yahoo, by market capitalization.

-The company now ranks 15th by market capitalization among the DJ Wilshire 5000 index components and has a bigger market cap than 19 of the 30 components in the DJIA.



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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