Google Surpasses $1,000 for First Time on Mobile-Ad Optimism
This article is for subscribers only.
Google Inc. reached $1,000 for the first time amid optimism about new advertising for wireless devices and online video, joining a small club of U.S. stocks.
The world’s largest search-engine company gained 14 percent to a record $1,011.41 at the close in New York. The stock, sold at $85 in a 2004 initial public offering, has risen every year since except for 2010 and 2008, when it slumped 56 percent during the recession.