Google stock hits $500

From MercuryNews: Google stock hits $500

The Mountain View Internet company’s high-flying stock topped $500 per share for the first time today, rising $9.03 to $504.08 as of 8:46 a.m.

An investor who bought 10 shares of stock in the company’s August 2004 Dutch auction-style initial public offering would have turned his $850 into $5,040.80, a return of 493 percent on paper.

Just wow. I thought they would hit this mark before end of the year and they did. When they were going for IPO, I was actually interested in buying a couple dozen of ’em. That time, it started around $80 apiece.

But alas, it all can only be wishful thinking. :D

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

7 Responses

  1. Avatar for Tarsha Tiedt Tarsha Tiedt says:

    Great paintings! That is the type of info that are meant to be shared around the internet. Disgrace on the search engines for now not positioning this put up upper! Come on over and visit my site . Thank you =)

  2. Avatar for chris chris says:

    a 4th grader can trade google. Learn flags and pennants. Here is last weeks google chart with technical analysis.

    http://www.naughtyconnect.com/z.jpg

    I trade goog once per day. 70% of the time i am right.

    Happy trading.

    -Chris

  3. Avatar for Miguel Miguel says:

    I just watched Casino Royale. I hope they don’t think of that in real life…

  4. Avatar for Jazzy Jazzy says:

    a hard lesson for everyone. An analysis paralysis that costs us thousands of dollars. :)

  5. Avatar for Miguel Miguel says:

    A web 2.0 company. But hey blog networks get acquired and invested into.

    I don’t know who’s selling, but I I’m sure INQ7 is buying!

  6. Avatar for jun jun says:

    which is the next one?

    a web 2.0 company?

    or Yugatech and PTB?

    On a whimsical note: Which Filipino blog is or is potentially a target for acquisition, on a business sense?

  7. Avatar for Miguel Miguel says:

    So we just need to keep our eyes open for the next one!

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