Google stock passes $600

| FTC + Industry Consolidation

While the Google folks are likely thrilled to see the stock price cross $600, especially those with big options, I am sure this attention is not what they need right now with the DoubleClick acquisition being considered.  MediaPost recently wrote that the market cap of Google now exceeds that of Time Warner, Disney and News Corp combined (for full article, click here).  Is this a bit absurd or what?  Don’t get me wrong, Google has a great business, but I wonder how people can justify these numbers.  As the stock climbs and the word ‘dominance’ emerges in most Google articles, I think it is becoming more and more difficult for the FTC to allow this acquisition to go through – whether or not they have the legal backing to stop it is another story.

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