Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company’s continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. Shares of the world’s No. 1 search company rose more than 14 percent to an all-time high of $1,015.46, swelling its market value by about $40 billion. That vaulted Google past Microsoft Corp and Berkshire Hathaway Inc in capitalization and brought it to No. 3 among U.S. companies, behind only Apple Inc and Exxon Mobil Corp. Google, whose Android is the world’s most-used mobile software and YouTube is the most popular video-streaming service, on Thursday reported a 23 percent jump in net revenue from its Internet business. Advertising volume soared 26 percent - the highest rate of growth in the past year - and more than made up for an 8 percent slide in ad prices.”Google’s ownership of the Android ecosystem makes Google like the house, in Vegas terms,” said Stifel Nicolaus analyst Jordan Rohan. “The success of Android, which becomes more and more popular every day, is starting to really add up, and Google is collecting small tolls along the way.” Small tolls perhaps, but with the meteoric rate of growth that Google is experiencing, they are surely headed for a big blast off!
Open an Account5 4 3 2 1…Google shares are ‘Go’ as mobile takes off



