Google hits $500 a pop

Written by Wil Harris

November 22, 2006 | 10:24

Tags: #500 #financial #larry #shares

Companies: #google

Google's share price finally hit the $500 mark yesterday, confounding the sceptics who said that it would never get much further than its initial offering price of $85.

The $509.65 price that the market closed at yesterday means that the search giant now has a market value of $156bn. That makes it more valuable than Intel, Hewlett Packard and even Coca Cola. All this for a company started just eight years ago.

Return on investment for intial share buyers has been just under 500% in just two years, which is clearly a spectacular win for early investors.

The speculation is - where now? Can Google continue its insane pace of growth and continue to see its share price go up? Some investors are predicting that shares could hit $600 within a year, but the company's AdSense revenue in the US has only grown 4% over the last quarter, with most of the economic growth coming internationally.

Google has recently tied up deals with major newspaper publishers to provide advertising to them, as well as paying almost $900m for the exclusive rights to advertise on MySpace.

Can Google keep growing? What do you think are the threats to the search giant? Let us know your thoughts over in the forums.
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