Share prices jump from $482.80 a share to $546.60
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
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.