Google's Stock Soars to New High
Google is a major internet search engine who's stock is now trading at $215. Only eight months ago Google sold its first public share for $85, the price of the stock has increased significantly over a short period of time. What is reasoning for the intense optimism that is being experienced in the investors putting their money in the Google company? Why is Yahoo (another major search engine) currently trading at at small $34 in comparison to Google's $215 per share? This optimism is not shared by all. Some say that Google is too dependent on search based advertising and that if the sector weakens the stock will fall dramatically. What do you think?
1 comment:
I think that Google has proven themselves and earned every last penny that they have generated. However, as the stocks have risen so high, so quickly, there is always the chance that it will do a complete nose dive and lose money faster than they generated it.
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