Google Inc. (NASDAQ:GOOG) is not giving up on its rivals, and now it intends to beat its rival social network Facebook (NASDAQ:FB), by releasing Google+ Local and terminating the less social Google Places, according to Fox Business.
From now on, instead of Google Places, surfers have two choices; a link-through to Google+ Local or if any business client uses, an opportunity to claim your position in Google’s directory, according to Fox reports.
Even though Google+ just has 100 million active users in contrast to Facebook’s 1 billion subscribers, there are by now almost 80 million Google Places pages that have changed to Google+ Local pages.
Its competitors include AOL, Inc. (NYSE:AOL) that slipped -1.25% to $26.84 with the total traded volume of 34,602.00 shares and Yahoo! Inc. (NASDAQ:YHOO) that dropped -0.39% to $15.19 with the total traded volume of 1.25 million shares.
Other technology stocks with bullish trend include Ciena Corporation (NASDAQ:CIEN) up 6.40% to $12.64, Zynga Inc (NASDAQ:ZNGA) up 2.21% to $6.00 and Oracle Corporation (NASDAQ:ORCL) up 0.65% to $26.34, whereas with bearish trend include Nokia Corporation (ADR) (NYSE:NOK) down -3.65% to $2.64, Intel Corporation (NASDAQ:INTC) down -1.28% to $25.80 and Alcatel Lucent SA (ADR) (NYSE:ALU) down -4.94% to $1.54.
Google Inc (NASDAQ:GOOG) after opening at $588.72 hit high price of $590.00 and then trading at $580.33 by plunging -1.34% at 10:15AM EDT and on current session volume of 357,291.00 shares is surprisingly lower than its average volume of 2.56 million shares.
The stock price volatility was 1.97% for a week and 2.18% for a month as well as price volatility’s Average True Range for 14 days was 13.43 and its beta remained 1.08.
The liquidity measure in recent quarter results of the company was recorded 5.84 as current ratio and on the other side the debt to equity ratio was 0.09 and long-term debt to equity ratio also remained 0.05. The Company had total cash at hand $47.62 billion and a book value per share as $189.35 in the most recent quarter.
GOOG generated revenue of 39.98 billion in the following twelve months and earned $10.83 billion. The Company showed a positive 27.09% in the net profit margin and as well as in its operating margin which remained 32.11%. Company’s annual sales growth for the past five year was 29.01%.
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