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CommentTuesday, October 2, 2007

Google Shares Reach Record High

Shares of several major Internet companies were up Monday. With Google and Expedia reaching all time record highs.

 Google Shares Reach Record High
Google Shares Reach Record High

Google shares were up as much as $17.08, or 3 percent, to $584.35 during trading and online travel site Expedia saw its shares rise a $1.60 or 5 percent, to $33.48 during trading.

Google is currently being reviewed by the U.S. Federal Trade Commission to determine if its purchase of online advertising company DoubleClick for $3.1 billion violates antitrust law. Google competitors including Microsoft have raised questions about the purchase.

eBay saw its shares increase as well on Monday, breaking a 52-week high of $39.54 it set Thursday, rising 89 cents, or 2.3 percent, to $39.91 during trading.

eBay announced Monday that Niklas Zennstrom, CEO and co-founder of VoIP phone service Skype would be stepping down and would become a non-executive chairman on the Skype board.

Here is how the major Internet companies did in trading yesterday according to the AP:

Google Inc. gained $15.28, or 2.7 percent, to $582.55.

Yahoo Inc. rose 20 cents to $27.04.

Expedia Inc. gained $1.56, or 4.9 percent, to $33.44.

Amazon.com Inc. increased by 26 cents to $93.41.

EBay Inc. added 64 cents to $39.66.

IAC/InterActiveCorp rose 33 cents to $30.

 

News Tags: Google, Reach, eBay
About the author:
Mike is a staff writer for WebProNews.

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