AfterDawn: Tech news

Google stock hits $800

Written by James Delahunty (Google+) @ 20 Feb 2013 17:38

Google stock hits $800 On Tuesday, Google's stock price hit $800 for the first time as confidence in the search and mobile giant is booming.
In 2007, Google stock hit $700 but then joined the rest of the market in a decline during turmoil years after the financial crisis hit. In April 2011, it was decided that Google co-founder Larry Page should take over the role of CEO from Eric Schmidt.

Since then, Google stock has risen around 35 percent, with most of the gains occurring in the past seven months.

Analysts see Google as one of the best position tech companies for the forseeable future. It's Search service continues to dominate in its field, and over 600 million devices now run the Android operating system. It also owns other huge services, like YouTube, which is gaining more confidence from advertisers.

It is also overhauling its ad system to address concerns about the revenue that can generated for mobile ads.

Tags: Google
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