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(SFGate)   Just in case you were doodling and didn't notice, Google stock just closed above $700 a share   (sfgate.com) divider line 30
    More: Spiffy, Google  
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1038 clicks; posted to Business » on 08 Sep 2012 at 10:38 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



30 Comments   (+0 »)
   
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2012-09-08 09:39:05 AM  
So recession is officially over?
 
2012-09-08 10:15:06 AM  
Holy crap. . . I'm going to be rich.
Google stop ftw
 
2012-09-08 11:06:22 AM  
I was doodling, in fact. I've probably spent the last five hours replaying today's doodle (which was posted yesterday because it is so awesome it warped spacetime).
 
2012-09-08 11:07:39 AM  
I bought 25 shares in 2008 so I'm getting a big kick...
 
2012-09-08 11:08:24 AM  
I wish I had bought that stock at the IPO price of $150/share, when I thought it was too expensive.
 
2012-09-08 11:21:53 AM  
Don't remind me subby, I balked at putting over $10k of family money for the IPO after my father asked about their chances of maintaining and growing. Stupid dot com bust was all I could think about...
.
 
2012-09-08 11:28:18 AM  
Suck it facebook.
 
2012-09-08 11:33:47 AM  
My Fark stock is priceless.
 
2012-09-08 11:41:16 AM  
I had a sad a few months ago when I realized that if I had invested x dollars when Google went IPO, I'd have made roughly x dollars per year.

That is to say, if I had invested the amount of my annual salary, I wouldn't have had to work for 8 years. And I'm pretty sure I'd have paid less in taxes.

Capitalism!
 
2012-09-08 02:31:01 PM  
I bought at $720 first time 'round. Fool me once.
 
2012-09-08 02:33:56 PM  
This is no way similar to yahoo and amazon hitting $350 in the 90's. No sir, completely different.
 
2012-09-08 02:59:29 PM  

skinink: I wish I had bought that stock at the IPO price of $150/share, when I thought it was too expensive.


Pffft. That's only a 467% return on your investment. Goldman Sachs would never accept such shoddy performance.

//my money market account pays almost 1% per YEAR. Woot!! By the time the sun burns out, I'll be rich!
 
2012-09-08 03:45:53 PM  
While Apple, Google and Samsung break new ground Microsoft's hardware partners HP, Dell, Sony and Nokia plumb the depths of despair. I believe the phrase is "innovate or die."
 
2012-09-08 03:58:00 PM  
Hindsight is the best way to invest.
 
2012-09-08 07:57:58 PM  

stuhayes2010: This is no way similar to yahoo and amazon hitting $350 in the 90's. No sir, completely different.


It's very different - Google is a genuinely competent search engine and has a staggering line of properties, both released and in Beta. Yahoo has a terrible news service and sub-par email to offer. Amazon sends you books and tchotkes. Anyone who saw longevity at that evaluation needed to lose all their money.
 
2012-09-08 10:47:31 PM  

stuhayes2010: This is no way similar to yahoo and amazon hitting $350 in the 90's. No sir, completely different.


Exactly when did Amazon hit $350?
 
2012-09-08 11:16:37 PM  

Iceman_Cometh: stuhayes2010: This is no way similar to yahoo and amazon hitting $350 in the 90's. No sir, completely different.

Exactly when did Amazon hit $350?


Never, according to Google.
 
2012-09-08 11:25:20 PM  
What's sad is they hit $700 on the backs of 4,000 laid off Motorola workers.

Fire people and the stock price goes up.

Fire everyone and we'll be rich as Croesus.

// Jesus, won't we bleed 'em in the end.
 
2012-09-08 11:44:24 PM  
too bad the dollar isn't worth a dime. go look at the price of groceries, a car, a house. our usa dollars aren't worth shiat these days.
 
2012-09-08 11:57:17 PM  

Malivon: Exactly when did Amazon hit $350?

Never, according to Google.


Historical charts are split-adjusted. Amazon split 3:1 on Jan 5, 1999 and 2:1 on Sep 2, 1999. It closed at $354.94 on Jan 4, 1999.
 
2012-09-09 12:22:57 AM  

rdu_voyager: What's sad is they hit $700 on the backs of 4,000 laid off Motorola workers.

Fire people and the stock price goes up.

Fire everyone and we'll be rich as Croesus.

// Jesus, won't we bleed 'em in the end.


So Google should just keep the redundant employees and pay them cause... why?
 
2012-09-09 01:37:37 AM  

phansen: rdu_voyager: What's sad is they hit $700 on the backs of 4,000 laid off Motorola workers.

Fire people and the stock price goes up.

Fire everyone and we'll be rich as Croesus.

// Jesus, won't we bleed 'em in the end.

So Google should just keep the redundant employees and pay them cause... why?


The problem is that companies want to keep squeezing more work out of fewer workers.

If you go from 10,000 working 40 hour weeks to 7,000 working 50 hour weeks, were those 3000 redundant? Plus, what are those 3000 supposed to do to earn money when every other company is also trying to maximize the output of the individual worker?

At some point there will be only two groups left: the overworked burnt out employed who have no time for a family or a social life and the unemployed who are desperate to be one of the overworked burnt out employed.
 
2012-09-09 02:43:20 AM  

skinink: I wish I had bought that stock at the IPO price of $150/share, when I thought it was too expensive.


Actually it was $100 at the end of the first day, after opening at a mere 85.

I just wish I'd bought a few shares when the market bottomed out during the recession a few years back. Stocks like Google were a sure thing to bounce back, but I just wasn't thinking this one would bounce back so high.
 
2012-09-09 03:52:16 AM  
Google, schmoogle, I'm waiting for Rovio and I'm not gonna chicken out.
 
2012-09-09 01:54:52 PM  
and unlike facebook, google is actually useful
 
2012-09-10 11:10:39 AM  

stuhayes2010: This is no way similar to yahoo and amazon hitting $350 in the 90's. No sir, completely different.


There are several problems with your post but I'll just start with the fact that Google's P/E is 20. That alone is in stark contrast to any high flying tech stock of the late 1990's.
 
2012-09-10 11:11:20 AM  

KrispyKritter: too bad the dollar isn't worth a dime. go look at the price of groceries, a car, a house. our usa dollars aren't worth shiat these days.


Housing prices are WAY down. It's one of the biggest reasons the economy sucks -- too many people are trapped in one location and can't move to where the jobs are.
 
2012-09-10 11:11:51 AM  

Mind the Gap: If you go from 10,000 working 40 hour weeks to 7,000 working 50 hour weeks, were those 3000 redundant?


If there jobs were not necessary for the company to adequately function, then yes, they were. It is also likely the jobs canned were part of unprofitable sections of motorolla being shut down.

Plus, what are those 3000 supposed to do to earn money when every other company is also trying to maximize the output of the individual worker?

Thats an individual or a social problem. A company that keeps unprofitable employees around just because they are nice is not going to be a company for long.

At some point there will be only two groups left: the overworked burnt out employed who have no time for a family or a social life and the unemployed who are desperate to be one of the overworked burnt out employed.

Its cute that you think 50 hours a week is somehow some horrendous amount of work..
 
2012-09-10 01:01:04 PM  

steamingpile: Don't remind me subby, I balked at putting over $10k of family money for the IPO after my father asked about their chances of maintaining and growing. Stupid dot com bust was all I could think about...
.


This. I wanted to sell my mutual fund and buy google, money manager dude said that it didn't "fit my portfolio" (I was just a kid, what the hell did I know? defer to the smart guy, I guess). Turns out, I learned not two weeks ago, he wouldn't have made any money off of these shares and THATs why he was discouraging me from buying.

/sigh. I could practically retire
 
2012-09-10 10:02:35 PM  
congratulations, google finally made it back to its 2007 level. meanwhile, other stocks are making all time highs.
 
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