News & Resources

Google+ valuation leapfrogs Twitter, Groupon, closing in on Facebook

Aug 01, 2011 Karen Umpierre

Despite the fact that Google+ launched just one month ago, the company's business valuation is already more than half that of Facebook's and five times that of Twitter, according to Seacaucus New Jersey News. Google's one-month valuation grew by $45 billion, and the company enjoyed a 30 percent increase in its stock. "Google+ has had a lot to do with the perceptions," Scott Kessler, equity analyst at Standard & Poor's equity research, told the news source. "People look at Google as being … a pretty important player in social media." The search engine giant's large one-month valuation growth is even more impressive when compared to other social media players. Facebook - which launched seven years ago - holds a $84.7 billion valuation, indicating that if Google+ is already far ahead of the curve. USA Today reports that Google+ skyrocketed past Twitter, which is valued at $8 billion, and Groupon, which has a current valuation of $18.1 billion.