Google Marks 20 Years Since IPO

Google celebrates the 20th anniversary of its IPO, which occurred in August 2004, marking a significant milestone in the tech industry. Founded by Sergey Brin and Larry Page, Google has grown to dominate the search engine market, with nearly 70% of internet users relying on its services. An initial investment of $1,000 at the IPO price of $85 would now be worth approximately $375,000, reflecting a staggering increase of over 6,500% in stock value. Google's diverse business model now encompasses YouTube, cloud computing, and AI, contributing to its market cap exceeding $2 trillion. The company’s unconventional Dutch auction IPO set a precedent for future tech offerings and has been described as a transformative event in investment history. As it continues to innovate, Google faces scrutiny regarding its market power and potential regulatory challenges.