If You'd Invested $1 in Alphabet in 2004, This Is How Much You Would Have Today
When internet giant (NASDAQ: GOOGL) (NASDAQ: GOOG) went public in 2004, it didn't have the monopoly on internet searches it has today. Granted, it still had between 35% and 44% market share, but few knew it would become the juggernaut it is today. More than 90% of searches now use Google, the world's most visited website.
Each dollar invested in Alphabet's IPO would be worth $55 today. That 55x return over two decades crushes the broader stock market's comparable performance.
While some things like Google search remain intact, Alphabet is a different company than it was back then. And it's likely to be a different type of investment moving forward.
Source Fool.com