Last Thursday, Google released its 1Q financial reports. The market, which expected a slowdown in the company’s growth, was surprised to discover that even in this year’s first quarter, while the US is slowly sinking to a recession – the young company was doing “rather well”.
1Q Google’s revenues were $5.2 Billion – 42% growth from last year. Google is expected to sum 2008 with revenues over $25 Billion.
17,530% was the return on Google’s $530 strike price Call option– traded on 10 cents on Wednesday and $17.63 on Thursday.
Keep up the good work!
