It took Google’s shares 52 weeks to move from $400 to $500. It took another 46 weeks to get from $500 to $600.
The next hundred bucks? A shade over three weeks, by the look of things. The stock was less than a dime away from $700 at one point on Tuesday. Read more
Larry Sanger is still predicting big things for Citizendium, the expert-moderated alternative to the "open" encyclopedia Wikipedia that he launched a year ago (we wrote about the launch here, and the implications of the Citizendium v Wikipedia battle here.)
Given the scale of his ambition, the results so far are decidedly modest: 3,300 articles, growing at the rate of 14 a day, compared to more than 2m on the English-language version of Wikipedia. Still, Sanger, who was in at the beginning of Wikipedia, is unabashed, as his update today demonstrates: Read more
Another day, another 3 per cent on Baidu’s share price. The Chinese search engine is now deemed to be worth more than $12bn, which is double what the stock market thought it was worth as recently as August. Not to be left behind, portals like Sohu and Sina are on a run of their own, with gains respectively of 160 and 130 per cent this year.
For Baidu, if you’re keeping score, that puts the company on a multiple of more than 30 times next year’s revenues, and 94 times 2008 earnings. Read more