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0 pointsrottencupcakes14y ago0 comments

> Wall Street made a mistake with Google, since now their shares now are worth 5 times as much as they were at the opening.

August 2004:

AAPL $16

Google $85/share (thought it was $100/share, huh)

Now:

AAPL $447

Google $576/share

447/16 ~= 27.94

85*27.94 ~= 2374.90

So no, Google's shares are not worth 5 times more. Their value went down a massive amount in six years.

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2 comments · 1 top-level

rplnt14y ago· 1 in thread

Now, this is stupid.

The point is that comparing Google's price in 2004 and 2012 to the price of gold is just as arbitrary as comparing it to the price of AAPL.

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