Gphone Hype Drives Google Stock to Over $700, Makes It Fifth Most Valuable Company in US

It is categorized as "Insanity" in Gizmodo. Just wait and see how far Google goes, and when the drop comes.

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Gphone Hype Drives Google Stock to Over $700, Makes It Fifth Most Valuable Company in US

Whatever Google might announce in two weeks, they're certainly reaping the benefits already: Hype over their mobile plans has shoved their stock price to over $700 a share, an eightfold increase since its IPO three years ago. The $20 its stock has shot up in the last couple of days has pushed its market value to $217 billion, according to Henry Blodget of Slate and Silicon Valley Insider, making it the fifth most valuable company in the country. That means it trails only Exxon Mobil, GE, Microsoft and AT&T, stomping out Proctor & Gamble, Bank of American and Citigroup. Bits nicely packages what's so compelling about the whole thing: