Google biggest media company on stock market with $80 billion

Posted on Thursday, June 09 2005 @ 0:50 CEST by Thomas De Maesschalck
Google's shares hit an all-time high on New York markets yesterday, making Google the biggest media company by stock market value. Google's total stock market value was $80 billion yesterday.

Time Warner takes the second spot with a value of $78 billion. Though some analysts believe Google's shares are way overpriced as Google only had annual sales of $3.2 billion while Time Warner's annual sales accounted for $42. But others believe the high stock value reflects Google's future earnings potential and say that it might even hit $325-350. More details at BBC

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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