Alphabet Inc shares went over $ 1000 for the first time ever. The class A shares pertaining to this company closed at $1,003.88 this Monday, according to Mercury News.
As you may well remember, Google went through a restructuring process, completed in October 2015. After creating Alphabet as a subsidiary, Google itself merged with yet another subsidiary – this time a dummy. This dummy subsidiary belonged to Alphabet, thus the newly-created brand ended up as a parent company for Google. Via a two-step switch, the tech company emerged more powerful from this reorganization process, while choosing a clever move that did not require for the shareholders’ vote.
Well, if any of the important shareholders may have felt threatened by this important change dating almost two years back, this moment of business history surely confirmed the company went the right way.
If curious, you may see here more details on the $1000 mark here. Apparently the Alphabet four-digit stock price comes only a week after Amazon marking the same milestone.
How tech, business and finances merge together for the perfect combination
We are tech people, as well as strategists. While focusing on what we aim to improve via our app, we also find tech success stories interesting and valuable. We keep an eye on what’s trending in relation with the tech giants, and we like to see how startups evolve and gain traction, as well.
Here’s an article on the $ 1000 stock-club and its select membership, dating back to 2013, when Google was just Google. Perhaps you find it interesting to put the values in perspective.
Although the said value of the shares greatly depends on the companies’ refusal to split the shares, the high-value status generates a stability effect, since such trading instruments are out of range for most of the usual investors. Volatility is most likely reduced this way.
While some voices fear bubbles whenever such high stock values are involved, others see this threshold share price as a trophy for the companies that manage to attain it.
Bottom line, in our times technology, business and finances merge together for a promising combination. While some companies represent success stories we may all learn from, others emerge as startups or smaller ventures, yet may hold the potential for great achievements.
Take yet another trip down the (volatile) digital memory lane and check out how investing in tech IPO’s looked like 4 years ago – here.