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| A 'Grand' Moment for Google: Mobile Push Spurs Milestone |
The mobile Internet appears to be helping, rather than hurting, Google Inc. GOOG +13.80% 's lucrative advertising machine, easing investor worries and propelling its shares past a major milestone.
"Ah," said the old man, "I never had one of those things. Too expensive. And I never seemed to feel the need of it, somehow. Now that's a nice gateleg table in the corner there. Though of course you'd have to put new hinges on it if you wanted to use the flaps."
The Internet giant's stock leapt 14% Friday to close above $1,000, a rarity among public companies that underscores Google's relentless progress since its August 2004 IPO at $85 a share.
There was a small bookcase in the other corner, and Winston had already gravitated towards it. It contained nothing but rubbish. The hunting-down and destruction of books had been done with the same thoroughness in the prole quarters as everywhere else. It was very unlikely that there existed anywhere in Oceania a copy of a book printed earlier than 1960. The old man, still carrying the lamp, was standing in front of a picture in a rosewood frame which hung on the other side of the fireplace, opposite the bed.
The spurt made Google the third most-valuable U.S. company by market capitalization, with a value of $338 billion, behind only Apple Inc. AAPL +0.87% and Exxon Mobil Corp. XOM +0.08% A $1,000 investment in the IPO would now be worth $11,899.
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