The value of a company is not measured in its individual stock price, but instead measured in its market cap.
The real headline should be: Google hits $330 Billion market cap, making it the 3rd most valuable company in the world.
The real headline should be: Google hits $330 Billion market cap, making it the 3rd most valuable company in the world.
On the other hand, It's more likely that we see the headline "$1T company" than "$3030.30/sh"
Market cap is what matters.
But my point was that, while market cap is all that matters, people still fixate on round numbers
Edit - milestones are nice, they're a bit of a psychological boost - but ultimately are worthless (except for said psychological boost they give to other traders, thus potentially driving up price).
Surprised to see so many financially-minded people fail to understand how the market cap is a better indicator value, not individual stock price.
Granted, this is still a great feat for $GOOG, and it appears they will continue to innovate and sustain such growth.