Google Stock Tops $500, Offers Checkout Rebates for Holiday Season
How's that for a holiday bonus. Google's stock price topped $500 for the first time today, breaking an anticipated high water mark. The stock opened in 2004 at $85. Some analysts predict the stock could rise over $600.
Gooogle also announced today the results of a commissioned survey about holiday shopping trends, and announced shopping incentives for Google Checkout.
According to the survey, "40% of employed U.S. adults say they'll be doing at least some of their online holiday shopping from work this year, with 1 in 4 of those shoppers logging on to track down that perfect gift on Monday, November 27 (57% plan to shop during coffee and lunch breaks, while 34% will wait until the end of the workday)."
Thus the term "Cyber Monday," which has been making the rounds these days. However. A reporter friend of mine interviewed someone at Paypal the other day, and the PayPal representative said that Tuesday is actually the bigger online shopping day. The only reason nobody talks about Tuesday, she said, was because they couldn't find a snappy name for it. Don't know if that's true, or if it matters, but there it is.
As for the shopping incentives: Through Tuesday, December 26, Google Checkout users will receive $10 off purchases of $30 or more, or $20 off purchases of $50 or more, depending on the merchant.
Google previously announced that Checkout processing was free for the holidays.