Google Given the Go-Ahead to Print Their Own Money

Google is hitting it out of the park left and right. There’s Gmail, Google Maps, Desktop Search, rumors of free Wi-Fi, even talks of them taking over the world. It seems like their name is constantly in the press, even when nothing is launching. Most companies would kill for that kind of publicity.

Add one more mention to the list:

Google is planning to sell 14.2 million shares of stock in a secondary public offering worth more than $4 billion.

While Google’s success has awakened discussions of the dot com boom, without the mass hysteria pushing companies’ stock prices into the stratosphere, I don’t see it. Although Google’s stock is extraordinarily pricey these days (around $280 a share), one company does not a bubble make.

Do you see any signs of a new tech bubble?

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2 comments ↓

#1 Scott Mitchell on 08.29.05 at 7:50 pm

A tech bubble? No. Google is a rarity, IMO. There may be a ‘Google Bubble,’ though. There is a looming economic bubble, though – the housing bubble. Should be interesting to see how this all plays out over the next few years.

#2 rwalling on 08.30.05 at 5:34 am

Interesting, indeed. I own property in the Los Angeles area, which has seen appreciation of about 110% over the past five years. I realize that doesn’t compare to your stomping ground (San Diego) where you’ve seen on the order of 140% in five years. Although the housing boom has been a phenomenal creator of wealth, signs of a slowdown are on the horizon. My hope is that it eases back into sanity and doesn’t burst. For more discussion on this topic, check out Scott’s housing bubble blog at http://www.readytoburst.com.