Google ‘Party Plane’ Performing Victory Rolls Over Corporate HQ
Perhaps it’s time for Google to change the navigation at the foot of its search-return pages from ‘Goooooooooogle >‘ to ‘Moooooooooola >.’
Shares of the company hit an all-time high of $560.70 today before dropping a bit to close at $559.98.
The reason for the spike? New comScore search-engine rankings that show Google dominating the market, with a 56.5% share and analyst speculation that the company may one day reach $100 billion in annual revenue. “Google is poised to make ‘big plays’ that could help the company reach $100 billion in revenue,” said Stephen E. Arnold, author of Google Version 2.0: The Calculating Predator. “Most companies neither understand Google’s capabilities nor grasp the significance of the 9-year-old company’s technology. … Google is perceived as a Web search and advertising company. This is the conventional wisdom, and it is too narrow. Search and advertising lubricate Google’s business model. The technical infrastructure and Google-proprietary technology revealed in patent applications give it a significant advantage in today’s marketplace.”
OK. But advantage enough to generate $100 billion in revenue? Sounds crazy. But then again, who ever thought shares in the company would trade at $560 or that co-founders Sergey Brin and Larry Page would tie for fifth place on Forbes’s annual list of the 10 richest Americans?