Google had a good week at the stock market despite the fact that it is facing a lot of resistance and controversies in Europe. The European Union is bent on putting an end to Google’s dominance in Europe, saying it wants to ensure even competitive environment for everyone. Despite all that, Google Inc.’s (NASDAQ:GOOG) business hasn’t suffered much; however it has become second favorite to Apple in the race to become the first trillion dollar company.
Google has been in battle with the European Union for quite some time; the EU has accused Google of manipulating competition in the continent and squeezing out rivals through nefarious tactics. The anti-Google band wagon is joined by rivals, competitors, ex- partners and the European Union itself. The battle is lead by German publishers. Google on the other hand denies these allegations and maintains that there is an equal chance for companies to do business in the free market. Google also claims that it doesn’t hold any monopoly whatsoever and is not a selfish organization.
In other news, Google’s Nexus 6 is giving a tough time to Apple’s iPhone 6. Nexus 6 has all the makings of a great phablet; it features an inexpensive price tag, which has attracted a lot of customers who want affordable quality gadgets. Though, it’s a bit unfair to compare the sales at this stage but when it comes to popularity, Nexus 6 seems to be catching up.
The latest iPad air is giving Nexus 9 a tough time because of the retina display. While it’s good news for Apple, it certainly is perplexing for Google because the company was hoping to thwart iPad’s revival and bury the category and its competition once and for all. iPad should not expect breathtaking sales either, but right now it seems like iPad will live to die another day.
Google started trading on Monday 24th November, at 545.75. Couple of hours into the day the company’s stock price rose up to 551.19. Later on Google suffered a few losses and the price dropped to 544.15. At the closing of the day Google was standing tall at 547.48.
Next day, Tuesday, Google Inc. started trading at 547.21. Stock price rose up to 552.50, but later on it dropped down to 546.91. Google regained at the closing of the day and stood at 549.23.
Wednesday, Google started trading at 548.82 and rose up by one percent to 549.88. The stock value dropped down to the price of 545.23 later in the day. Google regained from the loss and managed a value of 547.73 at the closing of the day.
Thursday was dedicated to Thanksgiving
Friday, Google Inc. (NASDAQ:GOOG) resumed at 547.00 and earned 2 percent profit moving up to 549.60. Later on the company suffered a major blow, a loss of 4 percent, dragging the stock value back to 544.48. At the closing of the day Google regained and closed at 549.08.
Google’s stock price rose up by 4 percent at the end of the last week. Once Google gets rid of the antitrust case, the company can focus on other things and its upcoming projects.