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$80bn Google takes top media spot

Quote:

Internet search phenomenon Google has overtaken a swathe of venerable rivals to become the world's biggest media company by stock market value.

After its shares hit an all-time high on the New York markets on Tuesday, Google is now worth $80bn (£44bn).

This takes it ahead of media leviathan Time Warner, which is valued at $78bn.

The valuation comes in spite of the fact that Google's annual sales total just $3.2bn, a fraction of Time Warner's $42bn.

Source: BBC

You have to believe that Google's shares are overpriced right now and that the stock will eventually collapse, but it's still cool that a website is now the biggest media company

Re: $80bn Google takes top media spot

Wow, I never thought Google was that huge. I know its grown ovr the years but its still crazy to think its core part (search) is still going strong but, wow I never thought they were THAT huge.

Re: $80bn Google takes top media spot

Quote:

Originally Posted by gekko

Ad sales?

Can't see what else they would make money on.