On Friday, July 26, Google's stock reached a historic high with a 16% increase, marking a record profit of $65 billion in a single day, the highest for any company in U.S. history, according to AFP. With this increase, Google has now reached the second position globally in market value after Apple. On Friday, the wealth of Google's founders, Larry Page and Sergey Brin, each increased by about $4 billion. Google's stock on the NASDAQ has risen from $93.08 to $672.93, bringing the company's total market value to approximately $468 billion. One reason for this surge in stock value is a 60% increase in the time customers spend watching YouTube videos on their smartphones and tablets.
Google Breaks Record; $65 Billion Profit in Stock Market
Google's stock surged 16% on July 26, resulting in a record $65 billion profit in one day, making it the highest single-day profit for any company in U.S. history. This increase has elevated Google's market value to second place globally, just behind Apple. The surge is attributed to a significant rise in YouTube viewership on mobile devices.
👥 Key Players
📰 What Happened
On July 26, Google's stock surged by 16%, resulting in a record profit of $65 billion in a single day. This increase made Google the second most valuable company globally, following Apple.
- Google's stock price rose from $93.08 to $672.93.
- The surge was driven by a 60% increase in YouTube viewership on mobile devices.
💡 Why It Matters
📚 Background
Google, a leader in online advertising and digital content, has seen significant growth due to increased internet usage and mobile device consumption.
🏷️ Entities Mentioned
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