EightBlack.

Originally, I posted this article to our sister company’s blog at eCatalyst. I’ve reproduced it here.

The past month has seen Google take it in the shorts financially and the media sharks were starting to circle.

Then Google went and pulled a rabbit out of the hat and was granted entry to the S&P 500, which meant the stock price recovered (rather quickly).

It also meant that Google’s coffers swelled by another US$2 billion, so now its sitting on a war chest of around $8 billion bucks. Thats real money, even to Warren Buffett.

Today, its trading at US$408.

What does this mean?

Well, for one, Google has a market cap of around US$121 billion (10 times bigger than General Motors, 12 times bigger than Coke, Twice as big as Apple Computer). You get the drift. If you’re an Aussie, then Google is the same size as our largest company - BHP Billiton, which is a behemoth and was incorporated in 1885. Google was incorporated in 1998.

One is 121 years old. The other is just 8.

Will their trajectory last?

You bet.

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This entry was posted on Thursday, April 6th, 2006 at 6:27 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.