Drift Net > e-business
Google Shares Jump!
Driftnet Writers Too Broke to Bid!
by Roshan Abraham | 08.21.2004 ReadMe | Print it.
After months of speculation and tangled legal issues, Google went and did the obvious thing and jumped 18 % on its first day of public trading. The stock opened at $85 and closed at $100 by the end of the day. Over 22 million shares were traded in the first day. Google's stock market debut was watched closely by business pundits as the company is one of the most flourishing technology companies since the late 90's. While some pointed to Google's success as an indication that technology stocks are primed for another boom, most have acknowledge Google's success as unique to the company, founded six years ago in a college dorm by two guys who will never pay any college loans ever again, ever.
NYU's Journalism department would like to take this time out to thank Google, who has been cleverly masking our students lack of research skills for years.
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