Google Stocks Breaks $800 Dollar Mark: Does This Justify CEO Larry Page's Existence At The Company?

Google's stock price broke the $800 mark for the first time on Tuesday, Feb. 19, proving that Google still dominates the Internet Search market and is successfully integrating itself into the mobile marketplace.

This milestone occurred five years after its stocks hit $700, the same year the economy collapsed and put the U.S. into the worst recession in decades. During the recession, Google's stock value plunged, which eventually led to a change in leadership.

After the economy started to improve in 2009, Google's stock still lagged behind the rest of the market. Facebook, at the time emerging as the fastest growing Internet company, had many people convinced that it would become more relevant to advertisers than Google.

The current CEO Larry Page co-founded the company with mentor Eric Schmidt and replaced him in April of 2011. Page streamlined Google's operations and management, and fought back against Facebook's social media dominance with Google+.

The price of Google stocks has risen 35 percent since the change in leadership. Most of the gains have occurred within the last seven months. Google stocks' breaking $800 today helps to validate Page's leadership and recent innovations.

Analysts now claim that Google is very well positioned for years of prosperity in the future. With its continuing dominance in Internet search, its acquisition of You Tube and its free Android software, Google is in prime position to continue making profits in the coming years.

Google stocks breaking 800 dollars is proof that Google is not going anywhere, and will continue to grow. 

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