Or, vice versa? From Reuters:
Shares of leading Web search company Google Inc. (GOOG.O: Quote, Profile, Research) jumped 8 percent in after-hours trading after Standard & Poor’s said the company’s stock listing would be added to the S&P 500 Index on March 31.
Actually, now it’s up more than 35 bucks. Fickle, fickle, fickle. Of course, when a company makes the S&P, it makes the index buyers, and that drives demand, and demand drives the stock up.
Here is an interesting perspective by a ex-Googler who made a substantial amount….
xooglers.blogspot.com/2006/03/google-vs-goog.html
Search Engine Web,
I confirm what you say 🙂
http://franckpoisson.blogs.com/blogapart/combien_vaut_google_/index.html
I would just like to note that this does not make Google intrinsically worth anymore than it was before. It just makes it so every person on earth owns a share via an index.
@Brad Twohig I agree with you.