Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (2024)

Loading...

Loading...

Gmail turns 20 years old today, on April Fool's Day. It is one of the oldest and longest-living Alphabet Inc. GOOG GOOGL products. Google famously launched it on April Fool's Day and in its announcement, the search giant said this was in response to a user complaint.

“If a Google user has a problem with email, well, so do we,” said Google co-founder and then the president of technology, Sergey Brin.

Picture that – Google launched one of the most used services in the world based on a user complaint. Gmail is used by over 1.5 billion users in the world –nearly 1 in every 4 people has a Google account and uses Gmail.

The Origins Of Gmail

Gmail was a product of Google's famous "20% Project" time, where employees are required to spend one day a week on projects that interest them – this is unrelated to their actual job at the company.

The idea behind Gmail was simple – back then, users were forced to file emails in folders to go back to them at a later date. This broke conversations and made it difficult to follow them.

Subscribe to theBenzinga Tech Trends newsletterto get all the latest tech developments delivered to your inbox.

Gmail offered what now looks like a simple fix – it threaded replies in a single conversation, making it easier than ever to follow a chain of emails.

It also promised to deal with spam emails by turning them into "canned meat."

When it launched, Gmail offered a staggering (at the time) 1GB of storage. It was fast and free, and the search feature worked quite well, compared to what was on offer.

Deleting mails because of storage constraints was no longer as much of a problem, and Google's game of exclusivity augured well for Gmail. Scoring an invite was a big deal back then, especially with limited connectivity options compared to what we have now.

See Also: Happy 48, Apple: If You Invested $1000 In Apple When It Went Public, Here’s How Much You’d Have

A few months after launching Gmail, Google went public. Here's how Google's stock has performed since then.

Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (1)Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (2)

Google stock price from Aug. 19, 2004, till today

Google’s stock, adjusted for stock splits and other corporate actions, was $2.511 on Aug. 19, 2004.

Its stock price today is $150.93, which is an increase of 5,911% during this period.

Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (3)Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (4)

Loading...

Loading...

Value of a $1,000 investment in Google stock, and the Nasdaq and S&P 500 indices, respectively, from Aug. 19, 2004, till today

If you had invested $1,000 in Google stock on Aug. 19, 2004, today, you would have $60,107.

Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $9,000.

A similar $1,000 investment in an index fund that replicates the S&P 500 would be worth $4,815.

The Digital Key To The Internet

Gmail has become the digital key to the internet. Whether it's your social media accounts, bank accounts, or anything else that requires an email address, chances are it is linked to a Gmail account.

Newer options like "Sign in with Google" take the hassle of passwords out of the way as well, making it easier than ever before to link a new service to your Gmail.

Email might not be that much of hot property today thanks to social media services and messaging apps, but it is the one password many of us have likely memorized.

Perhaps Gmail today is what it needs to be, nothing more, nothing less. It might not be the most exciting app to open on our phones, but it is still one of the most important ones to have.

Check out more of Benzinga’s Consumer Tech coverage byfollowing this link.

Read Next: If You Invested $1000 In Google When Maps Was Launched 18 Years Ago, Here’s How Much You’d Have

Photo courtesy: Google

Loading...

Loading...

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (2024)

FAQs

What if you invested $1000 in Google 20 years ago? ›

Its stock price today is $150.93, which is an increase of 5,911% during this period. If you had invested $1,000 in Google stock on Aug. 19, 2004, today, you would have $60,107.

How much was Google stock when it went public? ›

We watched the first trade, but it wasn't at $85—it was at $100, an 18% increase over our IPO price. Someone was making fast money. Despite our efforts, people were buying and flipping within an hour, taking a quick $15-a-share gain. The volume was huge.

How much would you have if you bought Google IPO? ›

As our chart shows, an initial investment of $1,000 at the IPO price of $85 would now be worth more than $65,000. A $5,000-investment is now worth more than $300k and anyone lucky enough to bet a little more than $15,000 on Google in 2004 is now sitting on $1 million worth of Alphabet shares.

When Google went public in 2004, one share of Google stock sold for $85. What does it sell for today? ›

Google's IPO was a major event in the tech world. Today, early investments in that initial offering have seen exponential growth, highlighting the tech giant's immense success. An initial investment of $85 for 1 share bought in the 2004 IPO has now turned $5,400.

What will Google stock be worth in 2030? ›

Long-Term Alphabet - Class A Stock Price Predictions
YearPredictionChange
2027$ 298.5770.62%
2028$ 356.78103.88%
2029$ 426.33143.63%
2030$ 509.44191.12%
2 more rows

How much is $1,000 invested in Google in 1998 worth today? ›

$1000 invested in Google in 1998 as an Angel Investor would be worth ~$77,510,183 today. Who is the next Google that you are investing in now? Follow me on Linkedin, Twitter, and Instagram for more exponential growth and investing insights.

How much stock does Jeff Bezos own in Google? ›

The $250,000 Bezos invested into Google was to buy 3.3 million shares at $0.08. When Google went public in 2004, his shares were equivalent to $280 million - while it's unknown when he exited Google, but it's not likely he held onto them 20 years later.

What is the fair value price of Google stock? ›

As of 2024-05-27, the Fair Value of Alphabet Inc (GOOGL) is 159.68 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 174.99 USD, the upside of Alphabet Inc is -8.8%.

What was Google's highest stock price? ›

Alphabet - 20 Year Stock Price History | GOOGL
  • The all-time high Alphabet stock closing price was 177.85 on May 21, 2024.
  • The Alphabet 52-week high stock price is 178.77, which is 2.2% above the current share price.
  • The Alphabet 52-week low stock price is 115.35, which is 34.1% below the current share price.

What is a good price to buy Google stock? ›

Average Price Target

Based on 37 Wall Street analysts offering 12 month price targets for Alphabet Class A in the last 3 months. The average price target is $197.53 with a high forecast of $225.00 and a low forecast of $168.00. The average price target represents a 13.24% change from the last price of $174.44.

Is Google paying dividends? ›

Meta Platforms (META) made headlines in early February with the unexpected announcement that it was initiating a regular quarterly dividend. Now Alphabet (GOOG/GOOGL), in conjunction with its first-quarter earnings release on April 25, said it is initiating a quarterly dividend for all its share classes.

What is the true value of Google stock? ›

As of today (2024-05-24), Alphabet(Google)'s Intrinsic Value: Projected FCF is $73.15. The stock price of Alphabet(Google) is $176.33.

What year did Apple go public? ›

Apple's History

Apple went public on December 12th, 1980, with a share price of $22. Since then, the company's stock has split five times. On a split-adjusted basis, the IPO price was only $0.10.

Do you get stock every year at Google? ›

Unlike Microsoft's stock vesting schedule, which vests equally across four years, the portion of GSUs that vest for Google employees will vary from year to year. About a third of them will vest at the end of your first year with the company, and the same is true for your second year.

How much did Google stock cost in 1999? ›

The company went public at $85, sold 22.5 million shares and raised over $1.9 billion. Shares of Google rose 18.05% to $100.34 at the close on its IPO date. If you had been able to purchase Google's shares at $85, you would have acquired 12 shares, or $1,020 divided by $85, before the company split its stock.

What would $1 000 invested in Netflix stock 10 years ago be worth now? ›

So, if you had invested in Netflix ten years ago, you're likely feeling pretty good about your investment today. A $1000 investment made in March 2014 would be worth $9,728.72, or a gain of 872.87%, as of March 4, 2024, according to our calculations. This return excludes dividends but includes price appreciation.

How much did Google stock cost in 2004? ›

19, 2004. The company went public at $85, sold 22.5 million shares and raised over $1.9 billion. Shares of Google rose 18.05% to $100.34 at the close on its IPO date. If you had been able to purchase Google's shares at $85, you would have acquired 12 shares, or $1,020 divided by $85, before the company split its stock.

Is Google stock a good long term investment? ›

The company has generated cash flow growth of 15.1%, and is expected to report cash flow expansion of 16.7% in 2024. Investors should take the time to consider GOOGL for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

How much did Google's first investor give them in 1998? ›

Google was initially funded by an August 1998 investment of $100,000 from Andy Bechtolsheim, co-founder of Sun Microsystems. This initial investment served as a motivation to incorporate the company to be able to use the funds.

Top Articles
Latest Posts
Article information

Author: Jamar Nader

Last Updated:

Views: 6055

Rating: 4.4 / 5 (55 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Jamar Nader

Birthday: 1995-02-28

Address: Apt. 536 6162 Reichel Greens, Port Zackaryside, CT 22682-9804

Phone: +9958384818317

Job: IT Representative

Hobby: Scrapbooking, Hiking, Hunting, Kite flying, Blacksmithing, Video gaming, Foraging

Introduction: My name is Jamar Nader, I am a fine, shiny, colorful, bright, nice, perfect, curious person who loves writing and wants to share my knowledge and understanding with you.