Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

Google just 'added an Uber' to its market cap today

Page mini travisBusiness Insider

The car hailing company Uber is the most valuable startup out there today, with a staggering $US40 billion valuation after its last fundraise.

That seems like a lot, but Google just added that amount to its market cap in a few hours after its killer Q2 earnings.

After Google beat analysts’ earnings expectations and its new CFO, Ruth Porat, assured investors that the company would continue to be disciplined in its spending, the stock shot up as much as 13%, and is currently hovering around 11% or $US63.25 up.

Multiply that price gain by its shares outstanding and Google added more than $US43 billion to its market cap. Google’s so big that a 11% stock jump just added an Uber to its market cap.

How’s that for some perspective?

NOW WATCH: This drummer created a whole song by only using the sound of coins

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at