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(Bloomberg)   Google passes Exxon as the second most valuable U.S. company. Disappointed Exxon execs immediately make plans to regain second place with the return of $4 a gallon gasoline   (bloomberg.com) divider line 13
    More: Spiffy, Exxon, U.S., Microsoft Corp., market cap, Royal Dutch Shell plc, software company, oil companies, gas  
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683 clicks; posted to Business » on 10 Feb 2014 at 10:05 AM (28 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



13 Comments   (+0 »)
   
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2014-02-10 09:02:20 AM
Well there's probably several million in the gullet of their CEO. They should demand a recount
 
2014-02-10 10:26:29 AM
Pretty much correct there subby
 
2014-02-10 10:26:54 AM
I can't believe that Google is trading at almost $1200 a share.  They're no Berkshire Hathaway, but damn.
 
2014-02-10 10:44:03 AM
Wait until Hillary kicks in Single Payer. Then it will be $9 a gallon.
 
2014-02-10 10:55:31 AM
Thanks Obama!
 
2014-02-10 11:49:52 AM

tricycleracer: I can't believe that Google is trading at almost $1200 a share.  They're no Berkshire Hathaway, but damn.


Nope, they're bigger than Berkshire, and by quite a good margin.
 
2014-02-10 11:53:33 AM

Pick: Wait until Hillary kicks in Single Payer. Then it will be $9 a gallon.


I meant price per share.
 
2014-02-10 11:54:14 AM

tricycleracer: Pick: Wait until Hillary kicks in Single Payer. Then it will be $9 a gallon.

I meant price per share.


Argh.  Meant to reply to dukeblue.
 
2014-02-10 02:42:18 PM

tricycleracer: I can't believe that Google is trading at almost $1200 a share.  They're no Berkshire Hathaway, but damn.


The only reason they are trading at $1200 is because the founders have been resisting splitting the stock due to concerns over losing their control over the company (and there was that pesky lawsuit going on).  Now that's settled - expect them to issue new stock.
 
2014-02-10 04:15:17 PM

gingerjet: tricycleracer: I can't believe that Google is trading at almost $1200 a share.  They're no Berkshire Hathaway, but damn.

The only reason they are trading at $1200 is because the founders have been resisting splitting the stock due to concerns over losing their control over the company (and there was that pesky lawsuit going on).  Now that's settled - expect them to issue new stock.


I just read the terms of the stock split; I hadn't realized they were considering one.

The split, which was first announced in April, creates a new class of non-voting Class C stock that can be drawn upon without diluting Google co-founders Larry Page and Sergey Brin's voting power.  The value of Class A shares will be halved. For every Class A stock shareholders own, they will be given a share of Class C stock equal to half of its value before the split.

I know my five shares don't give me a hell of a lot of voting power, but it's screwed up that they can just take away all voting power from current share holders. Am I reading the terms wrong?
 
2014-02-10 04:50:03 PM
It takes WalMart one minute and six seconds to rake in $1,000,000.

Source: The Economist

In that time, Google makes $123,684.

The only companies that rake in money anywhere near as fast as WalMart is Exxon and BP.

That doesn't mean much to me, but I suspect that tech companies continue to be heavily over-valued in terms of stock price simply because they are sexy and they have some growth potential compared to hewers of wood and carriers of water.

Did I mention that Warren Buffet made a lot of money buying a lot of WalMart shares? Well, he did. And he was buying on the way up, too.
 
2014-02-11 12:50:35 AM
Quick, give them even MORE federal government subsidies.

They aren't making enough money...
 
2014-02-11 09:49:21 AM
An internet search engine....

/facepalm
 
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