Shares of several major Internet companies were up Monday. With Google and Expedia reaching all time record highs.
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Google Shares Reach Record High
Google shares were up as much as $17.08, or 3 percent, to $584.35 during trading and online travel site Expedia saw its shares rise a $1.60 or 5 percent, to $33.48 during trading.
Google is currently being reviewed by the U.S. Federal Trade Commission to determine if its purchase of online advertising company DoubleClick for $3.1 billion violates antitrust law. Google competitors including Microsoft have raised questions about the purchase.
eBay saw its shares increase as well on Monday, breaking a 52-week high of $39.54 it set Thursday, rising 89 cents, or 2.3 percent, to $39.91 during trading.
eBay announced Monday that Niklas Zennstrom, CEO and co-founder of VoIP phone service Skype would be stepping down and would become a non-executive chairman on the Skype board.
Here is how the major Internet companies did in trading yesterday according to the AP:
Google Inc. gained $15.28, or 2.7 percent, to $582.55.
Yahoo Inc. rose 20 cents to $27.04.
Expedia Inc. gained $1.56, or 4.9 percent, to $33.44.
Amazon.com Inc. increased by 26 cents to $93.41.
EBay Inc. added 64 cents to $39.66.
IAC/InterActiveCorp rose 33 cents to $30.
