Google's stock has jumped to $900 a share for the first time in the company's history earlier today. This new high point comes just three months after the stock hit $800.
The rise in the stock's price is most likely a result of Google's sixth annual I/O developers conference that is going on this week. Among the big announcements was the reveal of "Google Play Music, All Access." This new Google service combines a user's music collection with Google Play's own library, and allows them to stream any of it for a monthly subscription fee.
"It allows you to explore millions of songs across devices, effortlessly. Radio without rules," said Chris Yerga, Google's engineering director.
The service costs $9.99 per month and launched earlier today in the U.S.
Google also announced a new version of the Samsung Galaxy S4 that will launch on June 26. The device will run a customized version of the Android operating system instead of Samsung's, and will be priced at $649.
"It's Google's take on Android, and it feels really awesome on the Galaxy S4," said Hugo Barra, vice president for product management at Android.
Google also revealed updates for Google+, the company's social network.
"Today we're introducing 41 new features across Google+," stated Vic Gundotra, senior vice president, engineering for Google.
The new features include a multicolumn design, dynamic tiles that can flip to reveal more information, and hashtags that link to "the entire universe of Google content."
"It's very easy to see a long list of things shared with you, like a never-ending newspaper. But it's nearly impossible to go deeper on a topic or interest you have. We think we can fix that," said Gundotra.
A rumored stock split may be in Google's near future, but for now, it is on track to become the first tech company to reach $1000 a share.
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