In this photo taken April 9, 2010, a Google sign is pictured at Google headquarters in Mountain View, Calif. THE CANADIAN PRESS/AP, Paul Sakuma
February 19, 2013 - 7:03 AM
SAN FRANCISCO - Google's stock price topped $800 for the first time Monday amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market.
The milestone comes more than five years after Google's shares initially barrelled through $700.
Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.
Besides enriching Google's employees and other shareholders, the company's resurgent stock is an implicit endorsement of co-founder Larry Page.
Google Inc.'s stock has now risen by about 35 per cent since Page replaced Eric Schmidt as CEO in April 2011.
News from © The Associated Press, 2013