It's official: Google (NASDAQ:GOOGL) is now the most widely held stock within the 50 largest active mutual funds. This victory comes at the expense of Apple (NASDAQ:AAPL), which used to hold the title, and has since seen its share price evaporate. When a company becomes as widely owned as Apple or Google, it runs the risk of over-ownership, which could lead to shareholder fatigue, and ultimately price declines. In this video, Motley Fool contributor Steve Heller discusses why Google has become top dog among funds and whether or not the company runs the risk of following in Apple's footsteps.
- Mar 18, 2013 at 4:25PM
- Technology and Telecom