Google+ Adds $20 Billion to Google’s Market Capital

By on July 11, 2011
submit to reddit

Share prices jump from $482.80 a share to $546.60

Tags:
In what seems to be a very heavy nod from Google’s investors, Google’s market cap jumped by $20 billion within one week of the launch of Google+. The jump comes just after Morgan Stanley downgraded the company the Friday before that.
Amid doubt on Google’s performance, Google+ took centre stage as within a week of Google+ launching, Google’s share prices were driven from $482.80, the day before the big Google+ invite to a high of $546.6 on July 7th. Just 20 days after the announcement. The stock then dropped to $532 as the market came to a close on Friday Techcrunch reports.
Although Google+ is still in limited Beta, it seems that the share market is already looking at google’s implementation of Social media with stark approval. Maybe it’s only a matter of time before Morgan Stanley upgrades the stock.

About

Humourist, news-junkie, bassist, petrol-head and techie. Best when caffeinated. Seasoned collector of lame puns and professional grumpy old man. Follow him on twitter: @nabilfahim

Comments
Most Read
Most Commented
Competitions
Win two Toshiba AT200 tablets

This festive season Toshiba has 2 tablets to giveaway.

Win an MSI FM2-A85XA-G65 Motherboard

Thanks to MSI we have an great AMD FM2 motherboard to giveaway.

Win a Nokia Asha 311

Thanks to Nokia we have a great entry-level smartphone to giveaway.