Google gains billions in value as YouTube drives ad growth

  • 2/5/2023
  • 20:27
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New York, Shawwal 1, 1436, Jul 17, 2015, SPA -- Google Inc's shares closed up 16.3 percent at $699.62 on Friday, adding about $65 billion to its market value, as strong growth in YouTube viewership eased investor concerns about Facebook Inc's push into video, Reuters reported. Google's class A shares chalked up their largest single-day percentage change in more than seven years on Friday. The surge, which comes a day after it reported better-than-expected profit for the first time in six quarters, sent the Nasdaq composite index to a record intraday high. The rise in Google's market value was more than the total market capitalization of Caterpillar Inc, the world's biggest construction equipment maker. Google's shares hit a record high of $703, valuing it at $471.50 billion and cementing its position as the world's second most valuable company after Apple Inc. -- SPA 00:44 LOCAL TIME 21:44 GMT www.spa.gov.sa/w

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