Three big tech-related companies — Google, Facebook and Twitter — have shown success this week in relation to Wall Street. On Thursday, Google’s stock jumped to $1,012, a more than 14 percent ($120) increase, according to USA Today. This climbed over the previous record of $924.69 set on July 15. Google “showed again late Thursday just how lucrative its business of collecting and selling consumers personal data to the highest bidder has become. Those surging profits are powering Googles stock to levels not seen by many companies,” said USA Today. USA Today also reported Google announced a $3 billion profit in the third quarter, which is 36 percent higher than in 2012 and above estimates. “It was the first time in several quarters that Google, which for years exceeded analysts’ expectations, had once again beat what Wall Street thought it could earn,” reported The New York Times.
Posted on: Sun, 20 Oct 2013 08:00:53 +0000