The stock reached $748.90 U.S. in afternoon trading, creeping past a previous record set in November 2007 of $747.24, Reuters reported. Google stock traded below $300 in 2009 during the global economic crisis and continued to be under pressure in subsequent years as investors worried the technology giant’s best years were over.
The company, which generated $38 billion in revenue last year, is being compared favorably to Facebook and Groupon, analysts say.
The search engine giant’s profitable search advertising business coupled with its efforts to spread out into display and mobile advertising, have helped the company preserve healthy financial growth.
Possible Timeline Glitch Makes Private Messages Public
Facebook is refuting reports private messages sent by users on the social media site have gone public.
The alleged glitch spawned attention Sept. 24 after Metro, a French newspaper, reported private messages dating from 2007 to 2009 had become accessible to friends and acquaintances on users profile pages. Other newspapers across the country reported similar occurrences.
The issue is thought to be connected to Facebook going to its Timeline layout globally.
Users in a number of other countries also insisted their accounts were affected. Some users said messages written as recently as last year have appeared in their public Facebook feed.
“A small number of users raised concerns after what they believed to be private messages appeared on their timeline,” Facebook said in a statement. “Our engineers investigated these reports and found that the messages were older wall posts that had always been visible on the users’ profile pages. Facebook is satisfied that there has been no breach of user privacy.”
Vimeo to Offer Moneymaking Tools
Vimeo is creating new moneymaking tools for producers.
One new program — Tip Jar — pushes viewers to compensate content creators for high-quality work by donating money. Vimeo will take 15 percent of all contributions.
Vimeo also has plans to launch a pay-to-view service that will enable content creators to sell their work behind a paywall.
Vimeo’s pay-to-view service will give creators options they can tailor to suit their needs for the sale of their films and video content. They can sell directly to customers while maintaining control of fees and rental periods.
The company is to launch a beta preview of the pay-to-view service this fall with a series of films. The financial terms of its pay-to-view service have not been made known.
Apple, SBB to Meet Over Clock Usage
Swiss Federal Railways is to meet with Apple in the coming weeks to discuss the technology company’s use of a digital clock in iOS 6 that bears a striking resemblance to the railway’s iconic clock face design.
Apple Insider reported an official with the railway service, known as SBB, will not be demanding compensation for Apple’s use of the clock found in the iPad version of its iOS 6 mobile operating system.
Spokeswoman Patricia Claivaz said SBB is flattered to have a “brand as important as Apple” use their design.
“There are a lot of brands that use the SBB logo, though nothing like Apple,” she added. “It’s not just about exchanging money, rather drawing up a contract stating where the logo can be used, under what conditions and for how long.”
Swiss engineer Hans Hilfiker fashioned the original clock design in 1944. It remains the property of SBB and is used in the Swiss operation’s train stations.
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