Google Stock History
Recently I have been getting a bevy of questions about Google stock and whether or not its still a good buy. Lets reflect on Google stock history; and look at some of Googles’ milestones to learn some valuable information we can apply to our investing habits.
Google Stock History: Timeline
8/19/2004
Google stock history begins when Google’s initial public offering takes place August 19, 2004 at $85.00 per share. 19,605,052 shares were offered, the value of the offering was an astounding 1.67 billion dollars.
Of the original 19,605,052 shares, 14,142,135 were floated by Google; making a number of their employees instant millionaires.
8/20/2004
Googles progressive mentality displayed early, they gave small time investors a rare shot at a blazing hot IPO by using a dutch auction approach
Google Stock History Fun Fact: Yahoo, a formidable adversary to Google, benefited from the initial public offering because it owns 2.7 million shares of Google.
8/18/05
Google raises 4B in stock sale by selling 14,200,000 shares of the company.
10/27/2005
Google shares near a $400 high. The company is valued at 116.6 billion.
12/21/2006
People love Google and use it every day, doubters emerge citing that advertising money goes to whoever has the hot hand, speculation that Google can never maintain that momentum #bigmistake
10/23/2006
Google purchases online video Kingpin Youtube for 1.65 billion dollars. Google Stock History made again (it happens alot) as it cracks $480 per share.
2/7/2007
Messaging system used internally by Google, Gmail, is released to the general public. Stocks remain steady at $475 a share.
10/2/2007
News that Google is working on a mobile phone operating systems gets out. News sends shares rising to an incredible $700 per share.
10/5/2007
Android distribution begins, Google aims to compete with the wildly popular iPhone. Shares at $587.11
5/27/2008
Google shows off street view at the 2008 Tour de France. Stocks dip to $486.46
9/15/2009
Word gets our that Google is working on an open source browser, Chrome. Google shares at $475.08
4/11/2011
Investors beginning to fall out of love with Google stock despite the companies rapid growth. Google stock seems to be stuck in a rut since soaring prices in 2007. Shares at $576.20
9/24/2012
Despite rumors that Facebook’s Mark Zuckerberg plans on developing a search service. Google maintains search dominance, shares at $749.38
2/1/2013
Google Stock History is made: Price Breaks $800
5/6/2013
Google Shares close at all time high of $861.55.
Why is it worth so much? Because Google is “cool”. Seriously, what made Apple products so valuable a few years ago? They were cool. Google is emerging as one of those rare brands whose worth is nearly impossible to calculate because they have the elusive coolness (googliness) factor on their side.
You can find Goog stock price on any day since 2004 here.
Applying Google Stock History to Today
Judging by Google Stock History, you are probably wondering whether or not it is too late to jump in and buy shares of Google, especially considering how hot they are right now. Fear not my dear friend, it is never too late to invest in Google. People often express concern that Google is getting too pricey for its own good and that, like Apple or Microsoft they have plateaued.
- Consider this: Unless Tim Cook is preparing to unveil a new disruptive technology (like Jobs did over and over again) Apple will continue to lose ground. The hardware front is a battle Apple no longer dominates thanks in large part to Android (Google) in the mobile sector, and an increasingly level playing field in the computer/laptop sector.
- Now This: Googles line of products(tablets,phones) could completely flop and stock prices would hardly miss a beat. Why? because Google completely dominates the search engine sector. If Microsoft or Apples products fail what do they have to fall back on? Bing and Itunes? No thank you.
- And Finally This: Sergey Brinn, co-founder of Google, is not the CEO,CFO, or any of that nonsense. He is the Director of Special Projects. Because Google is so profitable and run so smoothly Sergey and his future specialist pal Ray Kurzweil are busy cooking up the next big thing while Tim Cook is busy apologizing for the apple maps debacle.
Applying Google Stock History to the Future
Google is not going anywhere and their stock is still an excellent buy, here are three reasons why
I believe Glass is the next “big thing”. It has the potential to disrupt our everyday lives much like the Iphone did in 2007.
- Internet
The explosion of the internet has led us into a revolution equivalent in impact to the industrial revolution. This “digital revolution” has created a “digital divide”. About sixty one percent of the worlds population still does not have access to the internet. Google is changing that by pushing infrastructure into emerging markets (Africa). More people on the internet, means more people using Google, which bodes well for Google shareholders.
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Chromebooks
Just another budget laptop on the market right? Wrong. Chromebooks run on the same hardware that power tablets and phones. They are not bogged down by clunky operating systems (looking at you Windows) They simply run Chrome OS which is much simpler. This simplicity is peaking the interests of educators everywhere; soon Google chromebooks may be a staple of any classroom.
Conclusion
My colleague at WebMechanix predicted back in 2009 that Google stock price could hit 1,000$. Although I am a bit later to the party with my prediction, I think its a safe bet that within the next year Google stock history will be made once again as shares are priced at over 1,000$
Now that you know all about Google stock history and the outlook of companies future, go buy Google stock.
Thanks for reading!
@SnowballingStox
Google Stock Outlook in 2009
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