Alphabet stock joins the $1,000-a-share club

Top of the Order:  

Welcome to the Club: It comes as no surprise that prices go up. And when something costs a certain amount, we tend to look at it differently. I bought a cup of coffee this morning at a local shop here in Oakland for $2.50. I can’t say it was “cheap,” but I feel I can justify the price compared to some other kind of single-source-origin, pour-over thing that takes five to 10 minutes to steep and would cost me close to, if not more than, $4. You have to draw the line somewhere, right?

The point is that a thing is worth whatever someone is willing to pay for it. And on Monday, that line moved ever higher for Google’s parent company, Alphabet, as its Class A shares (that come with voting rights) topped $1,000 for the first time, and closed at $1,003.88.