Google Inc (NASDAQ:GOOGL)’s one of the most renewed companies, as the tech “gorilla” drives a lot of the innovation in the market. The stock price, however, does not portray this as current numbers are little more than 1% of the values at the beginning of the year and the almost $527.4 per share still encapsulates the October effect. However, investors see a lot of upside potential for Google Inc (NASDAQ:GOOGL), according to CNBC.
“Google – $3 billion. We’ve done $2 billion in 9 months, we’re targeting $3 billion for this year. Big growth – mobile search and video. Facebook $650 million this year as against $400 million,” said Sir Martin Sorrell, WPP CEO.
So, there’s no big secret that the whole world is going into technology and mobile devices and software are fancied as being the most profitable. Google Inc (NASDAQ:GOOGL)’s been nicknamed the Gateway to the internet due to its search engine and the company has experimented in many different areas, making competition uncomfortable to be pressured by the almost $382 billion tech giant. It’s been argues that Google Inc (NASDAQ:GOOGL)’s strength comes from information and to get an idea how important that is Sir Martin Sorrell brought up the example of Twitter Inc (NYSE:TWTR).
“Twitter has gone from $50 to $100 [million], smaller but the big opportunity for us with Twitter is the data piece. […] Two people sitting on the couch watching a live television program are more likely to tweet one another than talk to one another,” informed Sir Martin Sorrell.
Now, this doesn’t meant that Google Inc (NASDAQ:GOOGL) is almighty in terms of advertising power, but its grandeur stands to point out that it’s quite close to being so. Nevertheless, Amazon.com, Inc. (NASDAQ:AMZN) and Alibaba Group Holding Ltd (NYSE:BABA) are on its trail and might prey on Mountain View, California-based business.
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