Google shares skyrocketed on Friday

Internet search engine Google shares reached at historical high level on Friday. As the trading started on Friday in Wall Street, Google increased the market value of its 50 Billion Dollars shares.
According to Google, Google has earned healthy profit from YouTube and mobile advertising therefore shares surged nearly 15 percent to $664.88 on Friday.
After the increase in Google Shares, The market size of the company has reached to 400 Billion Dollars.
After the market closed on Thursday Google said that its second-quarter net income is 3.93$ billion dollars as compared to the quarter last year, revenue was 3.35$ billion dollars.
Company’s Senior Vice President and Chief Financial Officer  Ruth M. Porat said that mobile advertising has increased and people are spending more time watching videos on YouTube.
She also said that YouTube has over 1 Billion users aged between 49 to 18 years. They prefer watching videos on YouTube than cable TV.
According to news agency Reuters at least 27 broking companies have increased their rates for Google Shares.
A company has predicted the market price of the Google can reach up to 800$.