Google's Market Value Is Close To $200 Billion

Google's stock is approaching half a year a new high on Friday on the probe up to $ 619.50, giving the company a market capitalization of nearly $ 200 billion.

Google shares closed at $ 618.23 on Friday, market capitalization of $ 199.23 billion. Google share price on the $ 600 is the last station in the first week of March this year, that time of Google CEO Eric Schmidt or (Eric Schmidt), but little in the field of social networking achievements.

Although Google's stock rose sharply in recent weeks, but when Larry Page (Larry Page) assumed office in April this year, Google's quarterly results are lower than expected, and its stock fell to $ 519.

As we all know, Page took office after the organizational and operational framework has been adjusted. He will be Google's core search business was renamed as the "knowledge group", and staff bonuses and performance-related social services.

May and June, Google's stock continued to decline, when Google announced the end of June the Federal Trade Commission (FTC) is ready to conduct a comprehensive anti-monopoly investigation, its share price is falling sharply. When the news officially announced on June 24, Google shares fell to $ 474.88 six-month low.

A few days later, Google launched the company's by far the most ambitious social product Google +. In the week after the product release, Google's market value will grow by 200 billion dollars. This regard due to the strong performance of the overall market, it also stems from Google's own health performance.

Google announced last week that topped market expectations, a single quarter revenue $ 9.03 billion. Page has announced that Google + release three weeks more than 10 million users, this social networking site for the new release is an important milestone. Page is also very optimistic, he explained, the new management structure "with good" and contribute to Google's "share in real life, like sharing network" target.

Wall Street also have to respond quickly, in the performance of the day Google announced that Google stock price begins with the big rose $ 597.62 $ 528.94. Since then, Google's stock has continued to rise. With Google + subscribers exceeded 20 million, analysts on Google's social media program can be more optimistic.

Barclays Capital analysts in a research report said: "Taking into account the initial subscriber growth trend, I believe that Google is now better than ever in all kinds of products to integrate social features to improve search relevance."