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You are here: MacNN Forums > Community > MacNN Lounge > Google top IBM's market capitalization. That's just stupid.

Google top IBM's market capitalization. That's just stupid.
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Posting Junkie
Join Date: Jun 2003
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Dec 20, 2005, 12:57 PM
 
I just don't understand why people think Google is worth so much.

Google's market value hits $131.9-billion, briefly tops IBM

Google Inc., the Internet search company founded seven years ago by two college friends, briefly surpassed International Business Machines Corp. in market value yesterday on reports of a deal to take a stake in America Online Inc.

Google surged to a market capitalization of $131.9-billion (U.S.) when its shares rose 3.7 per cent to $446.21 on the news, topping IBM's market cap of $131-billion. Google shares later closed down 1.3 per cent. At day's end, IBM was worth $130.7-billion and Google had fallen to $125.5-billion.
     
Clinically Insane
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Dec 20, 2005, 12:59 PM
 
One word: bubble

-t
     
Posting Junkie
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Dec 20, 2005, 01:08 PM
 
Originally Posted by turtle777
One word: bubble
That was one of my favourite games:



It's always fun busting those bubbles...
     
   
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