Google Stock Surge Adds Record $52 Billion to its Market Value - Polidicks

[url]http://www.nbcnews.com/business/markets/google-stock-surge-adds-record-52-billion-its-market-value-n393826[/url] [quote] Google shares surged at the opening of Friday trading a day after the company reported earnings, adding a total of $52 billion in market capitalization in the largest single-day gain ever, according to S&P Dow Jones Indices. [/quote]

I still find it amazing that a single company can be bigger than the combined stock markets of an entire country.

[QUOTE=purvisdavid1;48230013]I still find it amazing that a single company can be bigger than the combined stock markets of an entire country.[/QUOTE] Google, le king of the monopoly.

[QUOTE=Arrows;48230070]Google, le king of the monopoly.[/QUOTE] A monopoly of other's incompetence isn't really a monopoly.

15% surge in a few hours ain't bad on a stock that's going for over $660 now

[QUOTE=Pandamox;48230345]15% surge in a few hours ain't bad on a stock that's going for over $660 now[/QUOTE] The fact that they [I]added[/I] $52 billion, not grew to $52 billion, in a day, is in and of itself incredible.

[QUOTE=patq911;48230085]A monopoly of other's incompetence isn't really a monopoly.[/QUOTE] Care to elaborate?

[QUOTE=itisjuly;48230353]Care to elaborate?[/QUOTE] Bing and Yahoo suck, not much else to say.

Google is not a monopoly.

[QUOTE=itisjuly;48230353]Care to elaborate?[/QUOTE] I think he's trying to say they really shouldn't be called a monopoly just because they do everything better than their competition, which they have but whom do everything worse comparatively, which in turn nets them a far higher share in the market.

[QUOTE=jonu67;48230393]I think he's trying to say they really shouldn't be called a monopoly just because they do everything better than their competition, which they have but whom do everything worse comparatively, which in turn nets them a far higher share in the market.[/QUOTE] I know what he's saying, I'm asking why he's saying that.

[QUOTE=OvB;48230380]Google is not a monopoly.[/QUOTE] Problem is, its so well known, nobody really thinks or bothers with the other ones, its practically an every day word now 'let me just Google that' probably the best marketing technique in the world. It would take Google to do a huge messy thing to cause the average person to remotely think of leaving the search engine for good and going to one of the other ones.

[QUOTE=nuttyboffin;48230406]Problem is, its so well known, nobody really thinks or bothers with the other ones, its practically an every day word now 'let me just Google that' probably the best marketing technique in the world.[/QUOTE] Was that even intentional marketing, or did that just happen?

[QUOTE=DrTaxi;48230419]Was that even intentional marketing, or did that just happen?[/QUOTE] It wasn't intentional and pretty much just happened, since you can't really manufacture something like that happening. Google was light years ahead of it's competition at the time and took the throne. Kept it ever since.

[QUOTE=kylejburke;48230377]Bing and Yahoo suck, not much else to say.[/QUOTE] Yahoo's powered by Bing. Either way, Bing isn't really much worse than google, calling it incompetent is not really fair.

[QUOTE=GoDong-DK;48230590]Yahoo's powered by Bing. Either way, Bing isn't really much worse than google, calling it incompetent is not really fair.[/QUOTE] I once was forced to use Bing to search things, it had about a 25% success rate to Google's 95%

I'm just hoping for the day when Google becomes a self-sustaining, sentient super-computer, who answers all of our questions and greatly helps humanity leap forward.

Hopefully it stays this high for at least a year. Just signed with Google but I don't see equity until 12 months in.

[QUOTE=thrawn2787;48230664]Hopefully it stays this high for at least a year. Just signed with Google but I don't see equity until 12 months in.[/QUOTE] it's hard to say. this is the highest googles stock has ever been, and before this over the last 52 weeks it's been sitting between 500-600 fairly steady. i have my doubts that it's going to stay above 650 for the year EDIT: Personally i'm going to sell a portion of my stocks and make a little money off of it and buy back in a few weeks when they drop back down. I don't think in a year google will be staying this high, but for the long term it's a smart stock to stick with

[QUOTE=kylejburke;48230377]Bing and Yahoo suck, not much else to say.[/QUOTE] Wolfram Alpha is rad though

[QUOTE=nuttyboffin;48230406]Problem is, its so well known, nobody really thinks or bothers with the other ones, its practically an every day word now 'let me just Google that' probably the best marketing technique in the world. It would take Google to do a huge messy thing to cause the average person to remotely think of leaving the search engine for good and going to one of the other ones.[/QUOTE] Good marketing does not mean its a monopoly. People are freethinking individuals and can not use some, or all, of google's services if they wanted.

[QUOTE=GoDong-DK;48230590]Yahoo's powered by Bing. Either way, Bing isn't really much worse than google, calling it incompetent is not really fair.[/QUOTE] ever since [url]http://googleblog.blogspot.com/2011/02/microsofts-bing-uses-google-search.html[/url] i've avoided bing like the plague

It's times like these I wish I played the stock market.

[QUOTE=patq911;48230085]A monopoly of other's incompetence isn't really a monopoly.[/QUOTE] Uh it is? [editline]17th July 2015[/editline] [QUOTE=Code3Response;48230836]Good marketing does not mean its a monopoly. People are freethinking individuals and can not use some, or all, of google's services if they wanted.[/QUOTE] But that's not at all what monopoly is about? Google's monopolies lay in the advertising it can offer and in the information on common people it can sell. It can provide the overwhelmingly biggest advertising space and the broadest and most complete library on everyone. You can choose to take your business to someone else, but you are missing out on the best offer there is. And since quality of search relies first and foremost on traffic volume, as does the advertisement/information throughput, Google is in market position that's practically impossible to challenge. [editline]17th July 2015[/editline] [QUOTE=OvB;48230380]Google is not a monopoly.[/QUOTE] Google is in market position that doesn't have a historical equivalent and while the textbook definition of monopoly might not fit on it, it's position in the market practically equals to one, in operation.

[QUOTE=nuttyboffin;48230406]Problem is, its so well known, nobody really thinks or bothers with the other ones,[B] its practically an every day word now 'let me just Google that' probably the best marketing technique in the world[/B]. It would take Google to do a huge messy thing to cause the average person to remotely think of leaving the search engine for good and going to one of the other ones.[/QUOTE] google actually wants that to stop, despite it seeming like the best marketing in the world. if that carries on to a certain extent (i dont know what that extent is), then they can lose their trademark iirc.

[QUOTE=Anti Christ;48235262]google actually wants that to stop, despite it seeming like the best marketing in the world. if that carries on to a certain extent (i dont know what that extent is), then they can lose their trademark iirc.[/QUOTE] I don't there's any exact tipping point, but if google eventually becomes accepted as a "regular" word then they've trouble.

I'd rather Google be champs of the search engine anyway since bing is...y'know owned by Microsoft.

[QUOTE=DrTaxi;48230419]Was that even intentional marketing, or did that just happen?[/QUOTE] It's a phenomenon known as generic trademark where the brand name of a product becomes synonymous with the product itself. [url]https://en.m.wikipedia.org/wiki/Genericized_trademark[/url] [editline]19th July 2015[/editline] [QUOTE=Anti Christ;48235262]google actually wants that to stop, despite it seeming like the best marketing in the world. if that carries on to a certain extent (i dont know what that extent is), then they can lose their trademark iirc.[/QUOTE] I'm pretty sure this is the same reason why Lego stresses that their products are called bricks, not legos.

[QUOTE=GoDong-DK;48230590]Yahoo's powered by Bing. Either way, Bing isn't really much worse than google, calling it incompetent is not really fair.[/QUOTE] Search on my phone uses Bing (can't find any way to change that), and almost every time I try searching on it I just get a load of quasi-advert results on the first page and I have to fall back to Google.

[QUOTE=OvB;48230380]Google is not a monopoly.[/QUOTE] In Europe it pretty much is