Google now worth more than General Electric.

Something omnious regarding GE passed my desk, I wonder if other firms/traders got the same info and this is why GE is being dumped in masse.

I am not putting in an order for GE today thats for sure.
 
Quote from eagle:

Exact. For example, NT has market cap of its common stock relatively to zero and the company still worth about $2B.
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Hey - it cuts both ways. My point remains valid.
 
Quote from KINGOFSHORTS:

Pretty amazing. If anyone told those kids working in a basement that their website google would be worth more than General Electric, they would think you took too much meth.


Amazing how times change.
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Google has $13.17B profits (ttm)

Compare this to the $98.74B of GE profits.

Besides Google competition could arise easily and quickly (remember when yahoo was the king?).
Even if google does everything "right", it could just go out of fashion.
 
Quote from crgarcia:

Google has $13.17B profits (ttm)

Compare this to the $98.74B of GE profits.

Besides Google competition could arise easily and quickly (remember when yahoo was the king?).
Even if google does everything "right", it could just go out of fashion.
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I guarentee GEs profit will be half that in a year.
 
Quote from Runningbear:

I guarentee GEs profit will be half that in a year.
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yup.. GE profit.. i tihnk its a matter of taking couple of Zeros from their CDS portfolio and putting them in the profit side.

voila . the books are BALANCED... but not for long.. keep carrying those wonderful CDS at par. while they sell for 20 cents on the dollar in the real world..
prime properties.. up town detroit / cleveland. any body..?
 
Quote from Runningbear:

I guarentee GEs profit will be half that in a year.
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Even if GE profits get down 50%, GE has more VALUE (value not price), than Google.
 
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