19 August 2014 - 17:15 pm
It’s 10 years to the day since Google’s initial public offering and its shares are now nearly a 1000 per cent higher.
That’s according to Google Finance (see chart) before the market open in New York today.
There are lots more stats around to mark the August 19 anniversary.
The Wall Street Journal notes how employees have grown from 2,000 to 52,000, cash in hand is up from a quarter of a billion dollars to $61bn, while Google has only had limited success in reducing its dependence on advertising – from around 99 per cent of revenues to 90 per cent.
From Google itself, there’s no Google Doodle on its home page to mark the occasion and no statement or list of achievements for the past ten years as a public company.
But you can still read what they set out to do in Larry and Sergey’s founders’ letterfor the IPO in 2004.
We’d most like to know how many searches people have carried out in the past 10 years – is it anywhere near a googol (the digit 1 followed by a 100 zeroes) yet?
The world’s largest search engine has lost one of its top executives.
Google said that Nikesh Arora, who has spent a decade at the company and is currently its chief business officer, is leaving to join Japan’s Softbank.
Mr Arora will become vice chairman of Softbank and run its internet and media team.
The departure of Mr Arora came as Google reported second-quarter revenues that exceeded Wall Street’s forecasts.
Excluding sales handed onto partners, the search engine generated revenues of $12.67bn, topping forecasts of $12.3bn. Profits were $3.43bn in the quarter, up from $3.23bn a year ago. >> Read More
More than 70,000 people have already asked Google to delete links about them under Europe’s “right to be forgotten” ruling, with some of the world biggest news sites the first to be hit.
The search engine has restricted access to a BBC blog posting and several British newspaper stories under a legal ruling granting people a right to be “forgotten” in search engines, it emerged on Thursday.
Google said it had received 70,000 requests since it put a form online on May 30 as a result of the ruling by the European Court of Justice.
The court said that individuals have the right to have links to information about them deleted from searches in certain circumstances, such as if the data is outdated or inaccurate. >> Read More
Google plans to spend more than $1bn on a fleet of 180 satellites to beam internet access to unconnected parts of the globe.
The project will use small, but high capacity low-Earth orbiting satellites that sit lower in the sky than traditional satellites, a report by the Wall Street Journal indicates.
The satellite venture will be an extension of Google’s Project Loon, which uses high-altitude balloons to carry internet signal across areas of New Zealand with the intention of establishing an uninterrupted internet signal around the 40th parallel of the Earth’s southern hemisphere.
Reporting directly to Larry Page
Satellite-communications expert Greg Wyler, who founded specialist startup O3b Networks, is reportedly leading the new project for Google reporting directly to chief executive Larry Page with a team of about 20 people. >> Read More
Google is building a car without a steering wheel.
Sergey Brin, co-founder of the technology titan, told a Southern California tech conference that Google will make 100 prototype cars that drive themselves – and therefore do not need a wheel. Or brake and accelerator pedals.
Instead, there are buttons for go and stop.
A combination of sensors and computing power takes the driving from there.
To date, Google has driven hundreds of thousands of miles on public roads with Lexus SUVs and Toyota Priuses outfitted with the special equipment.
This prototype is the first Google will have built for itself.
It will not be for sale, and Google is unlikely to go deeply into car manufacturing. In a blog post, the company emphasised partnering with other firms.
A European Court of Justice decision ordering Google to delete some personal data on request has raised concerns about online censorship and how Internet search works in various countries.
The EU’s top court ruled Tuesday that individuals have the right to ask the US Internet giant to delete personal data and “to be forgotten” online under certain circumstances when their personal data becomes outdated or inaccurate.
Analysts who follow the online space said the global impact of the ruling was not immediately clear, but that it could raise some tricky issues in Europe and beyond.
“The practical implementation seems to be vague and potentially very messy,” said Greg Sterling, analyst at Opus Research who follows the search business. >> Read More
Google has lost an important court case over the limits of data privacy in Europe, which leaves it obliged to remove personal information appearing on its search engine under certain circumstances
The European Court of Justice decision is a big setback to the US group, which feared an unfavourable ruling would prompt a flurry of suits demanding that content be removed from its servers.
The test case effectively examined whether search engines are simply hosting content, or are a “controller” of personal data that is actually responsible for the results that are presented to users. The judges found that it is responsible for the material. >> Read More
The courts just handed Oracle a surprising win in its years-long lawsuit against Google and Android. And Google, to say the least, is not pleased.
Google sent Business Insider this statement:
“We’re disappointed by this ruling, which sets a damaging precedent for computer science and software development, and are considering our options.”
It’s unclear how much money Google could owe Oracle as a result of this new ruling. Oracle had originally been seeking a shocking $6 billion, but the courts didn’t allow that huge amount to stick.
The fee Google winds up paying couldbe as low as $300,000, or even nothing. That’s because the courts still have to rule on Google’s final defense: that the copyrighted material it used for Android is ok to use under the Fair Use Doctrine. >> Read More
A Californian jury found both Apple and Samsung guilty of patent infringement over each other’s smartphones, in a mixed verdict that gave the iPhone maker a marginal victory over its Korean rival.
The jury on Friday awarded Apple less than $120m in damages for three patents infringed by Samsung, far below the $2bn the California-based company had sought from a total of five patents at issue.
The San Jose jury also decided that some iPhones and iPods infringed one of two patents asserted by Samsung, marking a rare defeat for Apple in its home state. Apple must pay just $158,400 in damages to Samsung, which had demanded millions of dollars.
The verdict is not the clean sweep won by Apple at the two companies’ last legal meeting in California. >> Read More
Above is Monthly Chart of AMAZON
Three Consecutive close below $ 317 level
We see PANIC upto 286–276 level very soon.On Rise ,Sell Sell Sell
Above is Weekly Chart of GOOGLE
Short Term Support & Targets are $ 519—-507 level.
Now ,Three Consecutive close below $ 507 +Weekly close will take to 471-459 level in panic.
On Rise ,Sell Sell Sell !
More Details to our Subscribers ,Updated at 16:35/27th April/Baroda/India