JDsBlog.com

Shares of Google Inc. jumped after an announcement that their third quarter profits almost doubled, cementing its lead over Yahoo!.  It is being predicted that Google stock will rise from the current $458 to $595. In early Nasdaq stock market trading, shares rose $32.02, or 7.5 percent.

Not so long ago, it was hovering at around $300.  What I wouldn’t do to have got in on the IPO..

Google posted a 70 percent jump in revenue, widening the gap with Yahoo, which earlier this week recorded the slowest sales growth in four years. Mountain View, California-based Google also tightened its grip on the online ad market, increasing its share of Internet search and generating more revenue from each query.  Google was used for 44 percent of U.S. Web searches in August, up from 37 percent a year earlier, according to ComScore Networks Inc., a market researcher in Reston, Virginia.

I for one can’t fathom that this sort of behavior on the internet will be around for too much longer.  Will this bubble break?  Will sites continue to get offered billions for traffic?  To me, the advertising business is definitely here to stay, but is it worth 1.65 billion?  As for Google, what do you think?  Are they launching to many services?  More importantly I guess, are they upholding their “Do no evil” mantra?

To read the full article, check out bloomberg.com.