Google ranked second in the world in capitalization

After successful Friday trading on the stock exchange, when corporation shares rose by 17% immediately, Google’s capitalization was $ 468 billion, adding $ 65 billion. The company now ranks second after Apple on the list of the most expensive US public companies, Vedomosti reports. Only one company showed a better result than Google, Cisco, whose capitalization rose immediately by $ 66 billion in one day (April 17) in 2000. Note that Google shares rose in price against the background of favorable results of the next quarterly financial report of the corporation.

For investors, the important point is that the “iron” business of the company, the production of mobile devices, does not damage the income of Google search service from the sale of advertising. In addition, Google’s chief financial officer, Ruth Porat, hinted that the company could share money with investors. At the end of June, the corporation had $ 69.8 billion in accounts. At the same time, Google never bought back shares or paid dividends.



For Google, a rather significant problem was the issue of advertising its output on mobile devices - after all, displays of smartphones are not so large, and it is quite difficult to buy goods with them or order services. However, as a result, the optimal format of mobile advertising was found.
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“Mobile technologies are changing e-commerce and consumer behavior. Together with advertisers and partners, we try to demonstrate as clearly as possible all the advantages of mobile technology and ensure strong growth in this area, ”says Sridhar Ramaswami, head of advertising and commerce at Google.