Google hit the $1,000 a share mark on Friday, less than a day after strong fiscal third-quarter profit reports.
The search gave back cloud and mobile giant opened 91 points, or 10 percent, on the New York Stock Exchange, when the opening bell shook at 9:30 am ET.
However, despite the good round figure of four digits, doesn't mean everything too for the company. Companies valued by its figure of (in a rough sense) market capitalization.
At the time of writing, Google's market capitalization stood at $334 billion. In comparison, although Apple is currently trading at $508 action, its market capitalization is significantly higher at $462 billion.
On Thursday, Google reported third quarter better than expected results.
The internet giant reported a net income of $2.97 billion, or $6.53 the action. Despite the fall in prices of advertising, Google results were offset by a higher proportion of the ad-clickers.
In the last ten years, shares of Google has risen almost ten times of its initial public offering of $100 price action.
$GOOG at 10 am ET on Friday (image: Google Finance)Zack Whittaker writes for CBS News, CNET and ZDNet. It is based in the city of New York.
