Google Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === Stock price performance and quarterly earnings === Google's [[initial public offering]] (IPO) took place on August 19, 2004. At IPO, the company offered 19,605,052 shares at a price of $85 per share.<ref name="IPO" /><ref name=":1" /> The sale of $1.67 billion gave Google a [[market capitalization]] of more than $23 billion.<ref name="washpost" /> The stock performed well after the IPO, with shares hitting $350 for the first time on October 31, 2007,<ref>{{Cite news |last=Hancock |first=Jay |date=October 31, 2007 |title=Google shares hit $700 |work=The Baltimore Sun |url=http://weblogs.baltimoresun.com/business/hancock/blog/2007/10/google_shares_hit_700.html |url-status=live |access-date=November 27, 2010 |archive-url=https://web.archive.org/web/20120202214534/http://weblogs.baltimoresun.com/business/hancock/blog/2007/10/google_shares_hit_700.html |archive-date=February 2, 2012}}</ref> primarily because of strong sales and earnings in the [[online advertising]] market.<ref name="bowlingforgoogle">{{Cite news |last=La Monica |first=Paul R. |date=May 25, 2005 |title=Bowling for Google |work=[[CNN]] |url=https://money.cnn.com/2005/05/25/technology/techinvestor/lamonica/index.htm |url-status=live |access-date=February 28, 2007 |archive-url=https://web.archive.org/web/20120304043014/http://money.cnn.com/2005/05/25/technology/techinvestor/lamonica/index.htm |archive-date=March 4, 2012}}</ref> The surge in stock price was fueled mainly by individual investors, as opposed to large institutional investors and [[mutual fund]]s.<ref name="bowlingforgoogle" /> GOOG shares split into GOOG [[class C share]]s and GOOGL [[class A share]]s.<ref>{{Cite web |date=April 2, 2015 |title=This could cost Google more than $500 million |url=https://www.cnbc.com/2015/04/02/stock-split-could-cost-google-over-500-million.html |url-status=live |archive-url=https://web.archive.org/web/20151226080454/https://www.cnbc.com/2015/04/02/stock-split-could-cost-google-over-500-million.html |archive-date=December 26, 2015 |access-date=December 30, 2015 |website=[[CNBC]]}}</ref> The company is listed on the [[NASDAQ]] stock exchange under the [[ticker symbol]]s GOOGL and GOOG, and on the [[Frankfurt Stock Exchange]] under the ticker symbol GGQ1. These ticker symbols now refer to Alphabet Inc., Google's holding company, {{as of|2015|8|10|alt=since the fourth quarter of 2015.}}<ref>{{Cite news |last=Pramuk |first=Jacob |date=August 10, 2015 |title=Google to become part of new company, Alphabet |work=[[CNBC]] |url=https://www.cnbc.com/2015/08/10/google-announces-plans-for-new-operating-structure.html |url-status=live |access-date=August 11, 2015 |archive-url=https://web.archive.org/web/20150811000128/https://www.cnbc.com/2015/08/10/google-announces-plans-for-new-operating-structure.html |archive-date=August 11, 2015}}</ref> In the third quarter of 2005, Google reported a 700% increase in profit, largely due to large companies shifting their advertising strategies from newspapers, magazines, and television to the Internet.<ref>{{Cite news |last=Vise |first=David |date=October 21, 2005 |title=Online Ads Give Google Huge Gain in Profit |newspaper=[[The Washington Post]] |url=https://www.washingtonpost.com/wp-dyn/content/article/2005/10/20/AR2005102002058.html |url-status=live |access-date=November 27, 2016 |archive-url=https://web.archive.org/web/20161020134416/http://www.washingtonpost.com/wp-dyn/content/article/2005/10/20/AR2005102002058.html |archive-date=October 20, 2016}}</ref><ref>{{Cite news |last=La Monica |first=Paul R. |date=October 21, 2005 |title=All signals go for Google |work=[[CNN]] |url=https://money.cnn.com/2005/10/20/technology/google_analysis/index.htm |access-date=April 6, 2021 |archive-date=April 16, 2021 |archive-url=https://web.archive.org/web/20210416051657/https://money.cnn.com/2005/10/20/technology/google_analysis/index.htm |url-status=live }}</ref><ref>{{Cite news |date=October 21, 2005 |title=Google shares jump on big profit increase |work=[[CBC News]] |url=https://www.cbc.ca/amp/1.558678 |access-date=April 6, 2021 |archive-date=April 14, 2021 |archive-url=https://web.archive.org/web/20210414223654/https://www.cbc.ca/amp/1.558678 |url-status=live }}</ref> For the 2006 fiscal year, the company reported $10.492 billion in total advertising revenues and only $112 million in licensing and other revenues.<ref name="10-K">{{Cite web |title=Form 10-K{{nbsp}}β Annual Report |url=https://www.sec.gov/Archives/edgar/data/1288776/000119312507044494/d10k.htm |url-status=live |archive-url=https://web.archive.org/web/20101106152355/http://www.sec.gov/Archives/edgar/data/1288776/000119312507044494/d10k.htm |archive-date=November 6, 2010 |access-date=July 5, 2010 |publisher=SEC}}</ref> In 2011, 96% of Google's revenue was derived from its advertising programs.<ref name="Google-Inc-Jan-2012-10-K">{{Cite web |title=Google Inc, Form 10-K, Annual Report, Filing Date January 26, 2012 |url=http://pdf.secdatabase.com/44/0001193125-12-025336.pdf |url-status=live |archive-url=https://web.archive.org/web/20130502193637/http://pdf.secdatabase.com/44/0001193125-12-025336.pdf |archive-date=May 2, 2013 |access-date=March 8, 2013 |publisher=secdatabase.com}}</ref> Google generated $50 billion in annual revenue for the first time in 2012, generating $38 billion the previous year. In January 2013, then-CEO Larry Page commented, "We ended 2012 with a strong quarter ... Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year β not a bad achievement in just a decade and a half."<ref>{{Cite web |last=Fiegerman |first=Seth |date=January 22, 2013 |title=Google Has Its First $50 Billion Year |url=http://mashable.com/2013/01/22/google-q4-earnings/#42cbeRCbSkqH |url-status=live |archive-url=https://web.archive.org/web/20161201014741/http://mashable.com/2013/01/22/google-q4-earnings/#42cbeRCbSkqH |archive-date=December 1, 2016 |access-date=November 30, 2016 |website=[[Mashable]]}}</ref> Google's consolidated revenue for the third quarter of 2013 was reported in mid-October 2013 as $14.89 billion, a 12 percent increase compared to the previous quarter.<ref>{{Cite web |last=Whitwam |first=Ryan |date=October 18, 2013 |title=Google Beats Analyst Estimates For Third Quarter Results, Stock Passes $1000 Per Share |url=http://www.androidpolice.com/2013/10/18/google-beats-analyst-estimates-for-third-quarter-results-stock-passes-1000-per-share/ |url-status=live |archive-url=https://web.archive.org/web/20170316025733/http://www.androidpolice.com/2013/10/18/google-beats-analyst-estimates-for-third-quarter-results-stock-passes-1000-per-share/ |archive-date=March 16, 2017 |access-date=March 15, 2017 |website=Android Police}}</ref> Google's Internet business was responsible for $10.8 billion of this total, with an increase in the number of users' clicks on advertisements.<ref>{{Cite news |date=October 17, 2013 |title=Google earnings up 12% in third quarter even as Motorola losses deepen |work=[[The Guardian]] |agency=[[Reuters]] |url=https://www.theguardian.com/technology/2013/oct/17/google-q3-revenue-earnings-report |url-status=dead |access-date=October 18, 2013 |archive-url=https://web.archive.org/web/20131017221536/http://www.theguardian.com/technology/2013/oct/17/google-q3-revenue-earnings-report |archive-date=October 17, 2013}}</ref> By January 2014, Google's market capitalization had grown to $397 billion.<ref name="Marketwatch">{{Cite web |title=Google Overview |url=http://www.marketwatch.com/investing/stock/goog |url-status=live |archive-url=https://web.archive.org/web/20140202073406/http://www.marketwatch.com/investing/stock/GOOG |archive-date=February 2, 2014 |access-date=February 2, 2014 |website=Marketwatch}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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