GOOGLES CLOSES ABOVE $ 700

I was only a matter of time since we reported that Google closed above $ 600, but we did not know it would get to $ 700 this quick. Google seems to be on fire and there is no turning back. The reason google is able to go up is its ability to branch into different areas of business rather than search.

Myspace along with several social networking websites joined in an alliance with Google to take on the the fastest growing social networking site Facebook which microsoft has a big stake.

According to Reuters, "Web search leader Google said on Thursday that MySpace will join its OpenSocial platform that allows developers to write programs across multiple social sites using one set of tools.The tools, which will become available early Friday on the Web, will eliminate the need for small start-ups or even one-person shops to customize their programs for each site.
"OpenSocial is going to become the de facto standard (for developers) instantly out of the gates. It is going to have a reach of 200 million users, which is way bigger than anything else out there," Chris DeWolfe, chief executive and co-founder of MySpace, told reporters.
Google unveiled the system earlier this week and said it has already lured some of the biggest developers aligned with Facebook, which opened its site to outside applications in May in a move that has helped boost its user base to more than 48 million people.Developers have created interactive programs that let users rank their friends, wage virtual food fights or compare and recommend music. Some of the applications are now used by millions of people and are already being sought out by advertisers."

For more information on the Myspace Google Alliance see Reuters Article, http://www.reuters.com/article/ousiv/idUSWEN225320071101