Last week Google Inc. (NASDAQ:GOOG) launched its new YouTube driven music service called “Google YouTube Music Key”. This service will enable users to listen to music, watch videos even when they aren’t online and when they are multitasking with other applications. Google made a very smart move to get its audience for its new service; the subscribers of Google’s previous service “Google Play Music All Access” will automatically be subscribed to YouTube Music Key because the $9.99 price will cover YouTube Music Key’s subscription price. Although it has created a lot of confusion for application users, it certainly is a win-win situation for Google.
Google is pulling out its Google Wallet out of market to focus on digital goods. Google Wallet won’t be available for buying apps etc from March 2nd, 2015. The question is that in this age of digital transactions, why would Google make such a decision. The logical answer is that Google is aware of the dominance Apple Pay is going to create in the market, hence the company made the decision to pull out Google Wallet. It’s not a forfeit on Google’s part; it’s more of a tactical retreat.
According to rumors developers have lost faith in Google Glass and many of them have stopped working on the device. Google, however, claims otherwise; it says that the company is still committed to the project and Google Glass will happen, sooner or later. However Google still has not announced any release date, which clearly shows that the company is not sure about the device.
Google Inc. opened the week at the stock market, trading at 552.01. A few hours the stock price went up to 560.63. This success was short lived because the company’s stock price dropped back to 551.62. Google closed the day, firm at 558.23.
Next day, Tuesday, Google started trading at 558.56 and surged up to 562.50 shortly. Negative trading pulled the price to 556.24. At the closing of the day, Google stood at 561.29.
On Wednesday, third day of the week, Google started the morning trading session at 561.15. Later in the day the stock price went down to 555.50. At the closing of the day, Google regained a bit and closed the session at a value of 558.25.
Next day, Thursday, Google started the morning session at 560.72. Minor success pushed it up to 560.82. As the day went on, Google again took a little dip and stood at 554.09. The stock recovered a little and closed the day at a value of 556.44.
Last day of the week at the stock market, Friday; Google Inc. (NASDAQ:GOOGL) opened up at 557.85. The stock went up by a small margin to stand at a value of 558.00. Later on during the day the stock took a hit and dropped back to 552.51. At the closing of the day and week, Google regained a few points and signed off at 555.19.
Overall the stock didn’t show much fluctuation and things remained steady for the company. No major controversies surfaced and Google managed to sail smoothly.