This company made over $60 billion dollars in a single day!

It was the 17th of July 2015 when Google’s share price surged, even surpassing the $700 mark after it reported strong company earnings.

This increase in share price ended up adding $52 billion to its market cap in the first few hours of the trading day, which was the largest single-day increase in history.

Google’s stock continued rising throughout the day, adding a whopping $65.1 billion in market cap by the close of the trading day.

To put that into perspective, Google generated more wealth in a single day than the total market cap of Caterpillar Inc, the world's biggest construction equipment manufacturer…

The main reason behind the large spike in share price was due to Google beating analysts’ expectations, as it reported earnings per share of $6.99 and revenue per share of $17.83.

Most of this revenue came down to the success of YouTube, which was seeing record growth in advertising numbers that year…

______________________________________

#google #googlestock #investing #investment #invest #investor

свернуть