Monday, October 24, 2005

$100 billion of Google

Google's total market value closed above $100 billion - yes, billion, with a 'B' - Monday afternoon. It is now the fastest company to achieve that status, and sits in a league, according to Red Herring, that includes only about 20 other U.S. companies. Investors cite Google's "AdWords" and their higher click-through rate, when compared with typical graphical banner ads, as the chief reason for the company's success.

Of course, having the best search engine on the Internet doesn't hurt much. Not to mention all of the other great services offered by Google.

Does Google's recently unveiled free WiFi Internet service in downtown San Francisco show where Google will go next? Can Google avoid being labeled as a Microsoft-like tyrant, or can it stay within the good graces of the Internet community? With the company growing larger and larger, one has to wonder.

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