Photo: Via Google.
Google made history today when its shares crossed the $1,000 mark for the first time. Its share price jumped nearly 13 percent today, rising as high as $1,007.40 in morning trading. This comes after the company released its third-quarter earnings report Thursday, which far exceeded investors' expectations. Google earned $3 billion this past quarter, compared with $2.2 billion in the same period last year. This was in part due to the fact that its audience is spending more time than ever on mobile devices, from which it draws ad click revenue, according to digital marketing firm Search Agency. Phone clicks doubled from last quarter, while tablet clicks rose 63 percent.
While Google is already one of the world's most valuable companies, this brings it into a rarefied above-$1,000 realm that includes companies like Priceline and Seaboard. Still, it's far from the cream of the stock market crop. Warren Buffet's Berkshire Hathaway opened today at $176,000. (NYT)
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