Google becomes more valuable than Microsoft,as shares surge past $1000
Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company's continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc.
Shares of the world's No. 1 search company rose more than 13 per cent to hit an all-time high of $1,008.18, swelling the company's market value by almost $40 billion. That vaulted Google past Microsoft Corp and Berkshire Hathaway Inc in capitalization and brought it to No. 3 among U.S. companies, behind only Apple Inc and Exxon Mobil Corp.