Google's shares reached new heights today after reporting impressive first-quarter results on Thursday. With a gross revenue of $1.26 billion, Google is now bigger than some traditional media channels such as Clear Channel Communications which had a revenue of $964.5 million in its most recent reported quarter.
Today Google's shares jumped nearly 10 percent to $224 in the morning - a new record. The previous record height was $216.80 in February. But by the close of the trade shares had dropped almost 6 percents to $215.81.