‘Google Stock Hits $800 For First Time Ever’ – ‘Mashable’

Seth Fiegerman says, “Google’s stock hit $800 a share in early trading Tuesday for the first time in the company’s history.

Google’s stock had passed $700 a share in early September for the first time in nearly five years, but it crashed below that the following month after the company’s third quarter earnings report leaked early, revealing some troubling figures.

More recently, though, the stock has been on a gradual rebound thanks to the continued success of Android, strong advertising revenue and a settlement with the FTC that forced only minor concessions from Google. The company posted its first ever $50 billion year in 2012 as sales beat analysts estimates in the December quarter”.