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Reports US

US stock market daily report (August 19, 2014, Tuesday)

August 20, 2014, Wednesday, 06:03 GMT | 01:03 EST | 09:33 IST | 12:03 SGT
Contributed by Millennium Traders


Google Inc. (GOOG-Nasdaq) went public 10 years ago today - on August 19, 2004 - debuting at $85 a share with a $23 billion valuation. At the end of trading on that first day Google shares closed at $100.35. Annual revenue for Google in 2004 was just over $3 billion and 10 years later annual revenue comes in around $70 billion.

Today, on its 10th year anniversary, shares of Mountain View, California-based Google are trading at just under $600 a share, with a 52 week high of $604.83. Market cap for the search engine giant today, a cool $390 billion, making it one of the largest companies on Earth.

Over the past 10 years Google has spent at least $23 billion buying 145 companies, below are just a few of them.

Google snatched up Android in 2005 from Andy Rubin for $50 billion. The operating system will run on 80% of smartphones sold in 2014.

YouTube was snapped up by Google in 2006 for $1.65 billion. Reports indicate YouTube gross revenue for 2013 - a cool $5.6 billion.

Other companies to become part of the Google legacy include:
Doubleclick - which expands Googles reach in online advertising into display ads - in 2007 for $3.1 billion;

Motorola in 2011 for $12 billion - however, Google sold the company two years later for $3 billion - less a majority of Motorola's portfolio of mobile patents, offering Google legal protection needed for its Android software;

ZAGAT in 2011 for $151 billion;

DNN Research in 2013 for $5 million;

Makani Power in 2013 for $30 million:

Waze in 2013 for $966 million:

Boston Dynamics in 2013 for $500 million;

Nest in 2014 for $3.2 billion:

Deepmind in 2014 for $650 million;

Titan Aerospace in 2014 for $60 million.

Ten years ago, Google founders Larry Page and Sergey Brin wrote that Google is “not a conventional company” and declared its code of conduct was “don’t be evil."