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Google Takes Top Spot From Time Warner

Posted by CmdrTaco on from the still-doesn't-have-three-names dept.

newfoundry writes "BBC News reports that Google hit $80bn on the NYSE yesterday, so is now worth more than Time Warner..."

8 of 477 comments (clear)

  1. I was hoping for a diff headline... by Anonymous Coward · · Score: 5, Informative

    Internet search phenomenon Google has overtaken a swathe of venerable rivals to become the world's biggest media company by stock market value.

  2. Top Spot? by 0kComputer · · Score: 3, Informative

    I wasn't aware that 80bn in market capitol was the "Top Spot".

    Another misleading headline...

    --
    Top 10 Reasons To Procrastinate
    10.
  3. Allow me to rephrase by Nom+du+Keyboard · · Score: 4, Informative
    ...so is now worth more than Time Warner

    Allow me to rephrase: Some people think it's worth more than Time Warner.

    --
    "It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
  4. Re:How much further until they surpass Microsoft? by toopc · · Score: 5, Informative
    How much further until they surpass Microsoft?

    Microsoft's market cap is about 275 billion, so Google still has a long, long way to go.

  5. NYSE? by adenied · · Score: 3, Informative

    It's worth pointing out that Google is traded on the NASDAQ, not the NYSE. A bit different.

  6. Re:More than TW??!! by lommer · · Score: 4, Informative

    Um, actually as another posted pointed out - TW's physical assets are $45 billion, while Google's are worth $3 billion. So actually, those DVDs, projectors, recorders, archiving equipment, broadcasting equipment, and everything else that Time Warner has does add up.

  7. Re:Minamlist humour by Anonymous Coward · · Score: 5, Informative

    Color me stupid, but I don't get it.

  8. Re:I think this calls for a googlegasm by TheSync · · Score: 3, Informative

    1) 100 years ago: little indoor plumbing, widespread legal racial and religious discrimination

    2) There was plenty of corporate lobbying and donations to government officials 100 years ago. The 1906 Pure Food and Drug Act was mainly the work of food producer Henry Heinz, for example.

    1902 to 1912, often referred to as the muckraking decade, saw the publication of more than a thousand articles providing detailed accounts of the economic and political corruption caused by big business, especially the trusts.

    3) Standard Oil never came close to cornering the market, by the time the antitrust case against it was filed in 1906, it had hundreds of competitors. Standard Oil oversaw a dramatic reduction in oil prices. It was convicted because of a general anti-business animus stoked by socialist intellectuals and journalists such as Henry Demarest Lloyd and Ida Tarbell and urged on by the company's higher-cost and higher-priced rivals. As a result the most efficient industrial organization of the time was crippled, weakening competition and pushing prices up.

    AT&T was broken up into pseudo-monopoly ILECs, wow, thanks.

    I can run Linux or OSX, don't need Microsoft. Who cares?

    4) Western Union vs. Bell Telephone on telephone patents? 1878 Patent disputes between big corporations are old news. Of course, copyright extension is another matter.

    Nothing is really all that new over the last 100 years...now go back 200 years, before the widespread legalization of joint-stock corporations...