Google Stock Report
Individual Stock report: Google Inc. (GOOG) Chao ZHANG
Description of the company
Business & Relevant history
Google Inc. (NASDAQ: GOOG) is an American multinational corporation which provides Internet-related products and services, including internet search, cloud computing, software and advertising technologies. Advertising revenues from AdWords generate almost all of the company's profits
The company was founded by Larry Page and Sergey Brin while both attended Stanford University. Together, Brin and Page own about 16 percent of the company's stake. Google was first incorporated as a privately held company on September 4, 1998, and its initial public offering followed on August 19, 2004. The company's mission statement from the outset was "to organize the world's information and make it universally accessible and useful and the company's unofficial slogan is "Don't be evil".In 2006, the company moved to its current headquarters in Mountain View, California.
Google's initial public offering (IPO) took place five years later on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024. The company offered 19,605,052 shares at a price of $85 per share. Shares were sold in a unique online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion. The vast majority of the 271 million shares remained under the control of Google.
The stock's performance after the IPO went well, with shares hitting $700 for the first time on October 31, 2007,primarily because of strong sales and earnings in the online advertising market. The surge in stock price was fueled mainly by individual investors. The company is now listed on the NASDAQ stock exchange under the ticker symbol GOOG and under the Frankfurt Stock
Description of the company
Business & Relevant history
Google Inc. (NASDAQ: GOOG) is an American multinational corporation which provides Internet-related products and services, including internet search, cloud computing, software and advertising technologies. Advertising revenues from AdWords generate almost all of the company's profits
The company was founded by Larry Page and Sergey Brin while both attended Stanford University. Together, Brin and Page own about 16 percent of the company's stake. Google was first incorporated as a privately held company on September 4, 1998, and its initial public offering followed on August 19, 2004. The company's mission statement from the outset was "to organize the world's information and make it universally accessible and useful and the company's unofficial slogan is "Don't be evil".In 2006, the company moved to its current headquarters in Mountain View, California.
Google's initial public offering (IPO) took place five years later on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024. The company offered 19,605,052 shares at a price of $85 per share. Shares were sold in a unique online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion. The vast majority of the 271 million shares remained under the control of Google.
The stock's performance after the IPO went well, with shares hitting $700 for the first time on October 31, 2007,primarily because of strong sales and earnings in the online advertising market. The surge in stock price was fueled mainly by individual investors. The company is now listed on the NASDAQ stock exchange under the ticker symbol GOOG and under the Frankfurt Stock