Google went public in August 2004 at $85, a price regarded by many at the time as ridiculously high. By May of 2005, the price had tripled. By late 2007, the price was over $600 a share but fell below $300 in late 2008. In late 2014, it ranged from $900 to $950. Google’s erratic price behavior reflects the inherent challenge in valuing New Economy stocks.