Today Google Inc (NASDAQ:GOOG) has surpassed the $1,000 per share mark for the first time. There are very few companies that have hit this milestone in history like Priceline, Seaboard, and Berkshire Hathaway. Google’s stock is up over 10% today. What drove the stock up was Google’s earnings report from yesterday.
Google beat Wall Street’s expectations. The ads selling on Google.com and their other websites has increased 22% year-over-year. Google reported $14.89 billion, which is up 12% from a year ago.
Google’s market cap was increased over $25 billion in only a few hours. Google’s stock price is up over $250 since the beginning of the year.
Google will soon split their stock to create a new class of non-voting stock to make sure that the founders of the company have control.