7 Comments

Google shares climb above $500!

November 22, 2006 by in Random,Tech with 7 Comments

Out of curiosity, are there any readers who own a share of Google? The latest news that Google shares have climbed above $500 is amazing. Whodathunk that a company started in the 90′s dedicated at crawling the web would transform into such a large influence on the net?

Today, Google’s shares gained $14.60, or 3 percent to close at $509.65, passing the $500 mark for the first time. (Mr. Mahaney, whose sell recommendation came at $137, is now among those predicting that it will rise to $600 within a year.)

Not bad for a company that was forced to reduce its initial share price to $85 barely two years ago because of lackluster demand. It quickly confounded the skeptics, rising to $100 on the first day of trading, and hitting closes of $200, $300 and $400 all within the course of 2005.

Time for someone to invent a time machine to take me back to high school to invest in Google.


  • Jeffy

    man wouldn’t that be nice :)

  • http://www.ear-fung.us Mark

    I used to own a measly 5 shares.

    It was so volatile and i was stupid about 6 months ago and sold it at a $200 loss.

    Stupid me.

    At least i own a butt-load of Apple stock and am making like $100 a day on that recently.

  • Paul B

    Sooo…who was smart and bought at google’s IPO? Not, thats for @$^& sure.

  • Jed

    I own about 4 shares bought back when it was sub $300

  • http://steve.deadlycomputer.com steve

    i own 1 share, i got it in january right around the time of the doj hearings, right in the middle of its slump from 450 down to below 350, i paid 393 for it. I kinda wish i got some more of it when it was down this past winter, but, whatever.

  • chad

    just the thought of watching it go public a few years back in my friends kitchen and saying “hmmm, wonder how thats going to work out for them” is a sign that NO ONE could have predicted they’d become such a huge influence on technology, and the market…. Derek.. if you get a response on that time machine thing… can I ride shotgun?

    P.S. congrats on the Digg the other day for the WP template hombre.

  • http://www.progoth.com Steven

    I don’t own any shares, but I am currently interviewing with them for a software engineering spot (got an email from a google headhunter one day out of the blue). who knows, maybe I’ll go work for them and they can give me some options and then the stock can double :P

    I have a friend who bought GOOG for around $300 and then got scared and sold and didn’t make anything off of it. This might have been around the previously mentioned DOJ scare.

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