Google is currently one of the biggest companies in the world. But most people have no idea how much the company is worth and how much it earns on a daily basis. So to give you a slight idea on how much Google is able to earn in a single day with its stocks, get this, Google has just set a record for gaining fifty billion last Friday. This is a very big news as the company may just have set a record.
We know the company to be one of the largest companies in the recent years. And we know that the company is worth millions if not billions. But just recently, it just made one of the largest stock market gains ever. The company was reported to earn a strong quarterly gains on Thursday and its shares moved up by 15% later that day. Google's market is already around $400 billion and it rose up with $50 billion more during that day. This earning of Google became the largest single-day earning ever.
Apple was the largest single-day earner when they gained $46 billion on April 25th of 2012. This happened after a really good first quarter report on 2012.
But now, if we include Google's Class A and Class C shares, the company has become the new single-day record holder for a big $50 billion gain.
Google was founded in 1998 as a research project and has eventually grown to serve millions globally. Its founders are Larry Page and Sergey Brin. Google was founded when the two were studying for their PhD degree at Stanford University in California. As of today, Google has become a multinational tech company that specialized in internet services including search engines, advertising, cloud computing, and even software developments. On a regular basis, most of its profit comes from Adwords (reference: Google website and Wikipedia).
