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> 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/
by rottencupcakes 15y ago
> 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.