Google market cap tops 200 billion USD. Larger than Toyota. And bigger than Wal-Mart. And greater than Time Warner, Disney, and News Corp combined. And almost 4x WPP, Omnicom, Publicis, Interpublic, Aegis, Havas and MDC combined. Or 10x 5x the GDP of Slovenia.
The relative valuations of the new and traditional media companies are more than just symbolic. They signal investor confidence that allow companies to leverage their share value in stock-based acquisitions that can help companies grow even bigger and more dominant over time. And if Google’s high price/earnings multiple seems bubblish, it wasn’t apparent to experts on Wall Street. (via Mediapost)
3 responses so far ↓
Marko // Oct 23, 2007 at 1:23 pm
It would hardly be the first time that bubble wasn’t apparent to “experts” on Wall Street.
Google’s value might be reasonable, but that’s a very poor argument to make in its favor.
fry // Oct 24, 2007 at 10:18 pm
It’s closer to 5x the GDP of Slovenia according to CIA.
Piotr Jakubowski // Nov 2, 2007 at 1:21 am
I just find it so thrilling that a company which has no physical product, tangible product is valued over anything else.
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