Google shares now change hands for $1,000 each. The reason is simple - Google is earning money, and in large quantities at that. And it's not the only tech stock posting eye watering profits.
An IT glitch has led to wild price moves on traders' terminals for Nasdaq-listed stocks including Apple and Google. Some stocks plunged or rose by as much as 80 percent but were never sold at the erroneous prices.
US media say 3,000 mostly non-US sales jobs will be cut, as the software giant prioritizes its cloud computing services. Microsoft has already let some 30,000 people go over the past four years.
Booming sales of web services have boosted the profits of Microsoft and Amazon, while Google parent Alphabet reported solid growth in ad revenue that helped it cover rising costs of its "moonshot" projects.
1. Google Now (17.0) | 2. Siri, Apple (10.8) | 3. Cortana, Microsoft (6.8) | 4. Alexa, Amazon (0.8) | Source: Statista
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