Google's stock price breaks $800 mark

Written By Unknown on Selasa, 19 Februari 2013 | 23.31

GOOGLE'S stock price has topped $US800 ($A780.85) for the first time amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of internet search and prominence in the increasingly important mobile device market.

The milestone comes more than five years after Google's shares initially barrelled through $US700.

Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.

Besides enriching Google's employees and other shareholders, the company's resurgent stock is an implicit endorsement of co-founder Larry Page. Google Inc's stock has now risen by about 35 per cent since Page replaced Eric Schmidt as CEO in April 2011.


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