According to the BBC, Google’s stock is soaring on the strength of online advertising. Shares in the company have surged since it listed at $85 on the Nasdaq in August 2004.
The latest price rise means Google has joined a group of only six other firms that trade above that level, including Berkshire Hathaway and pork processor Seaboard.
[IN RELATED NEWS] “Googol” is the mathematical term for a 1 followed by 100 zeros. The term was coined by Milton Sirotta, nephew of American mathematician Edward Kasner, and was popularized in the book, Mathematics and the Imagination by Kasner and James Newman. Google’s play on the term reflects the company’s mission to organize the immense amount of information available on the web.
