Google: Launch of New Services vs. Stock Price
November 17th, 2005 Posted in Google, Web-based Services
Google went through $400today, giving it a market capitalization of $118-billion. It is a
noteworthy event people also got excited about $100, $200 and $300.
Maybe
when Google hits $500 or $1000 will it be shocking enough to merit the
media's full attention. Anyway, the $400 breakthrough (how many
Internet stocks other than Amazon.com have achieved that?) and the
launch earlier this week of Google Analytics and Google Base inspired
me - and I use that word loosely! - to track the launch of new
Google services with the stock price. There is probably no correllation
but it makes for an interesting exercise. By the way, if anyone with
some graphics and coding skills wants to mock up a Google stock-new
beta chart,
that would be great..
August, 2004 - Google IPO at $85 a share
Oct. 14, 2004 - Launch of Google Desktop beta
Stock price: $142
Jan. 25, 2005 - Launch of Google Video beta
Stock price: $190.34
Feb. 8, 2005 - Launch of Google Maps beta
Stock price: $198.64
Aug. 22, 2005 - Launch of Google Desktop 2
Stock price: $274.01
Aug. 24, 2005 - Launch of Google Talk beta
Stock price: $282.57
Sept. 15, 2005 - Launch of Google Blog Search beta
Stock price: $302.09
Oct. 6, 2005 - Official Launch of Google Local
Stock price: $310.71
Oct. 7, 2005 - Launch of Google Reader Beta
Stock price: $312.99
Nov. 14, 2005 - Launch of Google Analytics
Stock price: $396.97
Nov. 16, 2005 - Launch of Google Base
Stock price: $392.80
November 18th, 2005 at 1:44 am
The Market Cap on Google is now more than the Royal and TD Bank combined. Give me a break which would you rather own.