Yesterday, shares of Google reached their all-time high, as the search giant continues to outperform.
Shares were boosted by reports that Google was on the verge of settling with the European Union over long-standing anti-trust issues.
The European Commission began the investigation in 2010, looking into how Google ranked its search results and ads. If Google does not settle, it could see a fine as high as 10 percent of its total revenue, which was above $40 billion for 2012.
Removal of that uncertainty is a relief to investors, who bid up the stock to $775.60, beating out its all-time high by a dollar. Shares have rallied 33 percent in the last year.
The European Commission began the investigation in 2010, looking into how Google ranked its search results and ads. If Google does not settle, it could see a fine as high as 10 percent of its total revenue, which was above $40 billion for 2012.
Removal of that uncertainty is a relief to investors, who bid up the stock to $775.60, beating out its all-time high by a dollar. Shares have rallied 33 percent in the last year.