Google opens up offices in Brazil, Mexico as its share touches record heights
Google is back in the hot seat with the latest event where it broke the USD 400 mark for its share price in the market. The market today was dominated by tech players like Hewlett Packard and other IT companies. However, Google stole the show when it closed at $403.45, up $5.30 for the day.
This share price is around 350 percent more than the price the share debuted in the market last year. The market analysts claimed that the share was overvalued when it touched USD 300 a couple of months ago and now it has touched another new level. Its competitors in the form of Microsoft and Yahoo! have not seen any such escalations in long time.
Google continues to dominate the internet search and online advertisement market. It accounts for the largest number of searches on the internet leading to more traffic on its site leading to more revenues from online text based advertisements. This has helped the company improve their revenue figures leading to even higher profits.
Google also announced today its new offices in Sao Paulo, Brazil, and Mexico City. The search engine giant is planning to grow in the Latin American region. The new offices would be working towards boosting use of Google Web sites and increasing advertising sales in the region for the company.