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August 19, 2004

GOOGLE TO ADD EXTRA 'O' AFTER SUCCESSFUL IPO

Google's stock jumped 18% when it debuted Thursday on the Nasdaq stock market, reaping a $1.8 Billion cash windfall for the company, which decided to add a third 'O' to its name to better represent the newly invigorated search giant. Given its current market price, Gooogle's valuation places it the $25 billion range, something akin to its search rival Yahoo. In what is becoming a tradition, Yahoo, not to be outdone, quickly followed suit by announcing that it, too, would be adding another 'O' to its name.

Related: Google Shares Top 100 On Debut

August 19, 2004 in The Pavement.com | Permalink

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