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Larry Page

Google shareholders revel in record 1-day windfall of $65.1B

Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects. A 16 percent surge in Google's publicly traded stock translated into an additional $65.1 billion in shareholder wealth, on paper at least. That barely topped the previous record one-day gain of $65 billion by Cisco Systems Inc. in April 2000 after the computer networking equipment maker had suffered a steep drop in the previous week, according to S&P Dow Jones Indices. More recently, iPhone maker Apple Inc. posted a $46.4 billion one-day gain in April 2012 after its quarterly...

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