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The inventory performed well after the IPO, with shares hitting $350 for the first time on October 31, 2007, primarily due to strong gross sales and earnings within the internet advertising market. Following Google’s company restructure to make Alphabet Inc. its father or mother firm, Google Fiber was moved to Alphabet’s Access division. In February 2010, Google introduced the Google Fiber project, with experimental plans to construct an ultra-high-speed broadband network for 50,000 to 500,000 clients in a quantity of American cities. It spawned a number of phones and tablets beneath the “Nexus” branding till its eventual discontinuation in 2016, replaced by a new brand known as Pixel.

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