Google Inc. is an American public corporation, earning revenue from advertising related to its Internet search, e-mail, online mapping, office productivity, social networking, and video sharing services as well as selling advertising-free versions of the same technologies. Google has also developed an open source web browser and a mobile operating system. The Google headquarters, the Googleplex, is located in Mountain View, California. As of March 31, 2009 ( 2009 -03-31 ) , the company has 19,786 full-time employees. The company is running thousands of servers worldwide, which process millions of search requests each day and about 1 petabyte of user-generated data every hour.
Google was founded by Larry Page and Sergey Brin while they were students at Stanford University and the company was first incorporated as a privately held company on September 4, 1998. The initial public offering took place on August 19, 2004, raising $1.67 billion, implying a value for the entire corporation of $23 billion. Google has continued its growth through a series of new product developments, acquisitions, and partnerships. Environmentalism, philanthropy and positive employee relations have been important tenets during the growth of Google. The company has been identified multiple times as Fortune Magazine's #1 Best Place to Work, and as the most powerful brand in the world. Alexa ranks Google as the most visited website on the Internet.
Google's mission is "to organize the world's information and make it universally accessible and useful". The unofficial company slogan, coined by former employee and Gmail's first engineer Paul Buchheit, is "Don't be evil". Criticism of Google includes concerns regarding the privacy of personal information, copyright, and censorship.
History
Main article: History of GoogleGoogle began in January 1996, as a research project by Larry Page, who was soon joined by Sergey Brin, when they were both PhD students at Stanford University in California. They hypothesized that a search engine that analyzed the relationships between websites would produce better ranking of results than existing techniques, which ranked results according to the number of times the search term appeared on a page. Their search engine was originally nicknamed "BackRub" because the system checked backlinks to estimate the importance of a site. A small search engine called Rankdex was already exploring a similar strategy.
Convinced that the pages with the most links to them from other highly relevant web pages must be the most relevant pages associated with the search, Page and Brin tested their thesis as part of their studies, and laid the foundation for their search engine. Originally, the search engine used the Stanford University website with the domain google.stanford.edu . The domain google.com was registered on 15 September 1997, and the company was incorporated as Google Inc. on 4 September 1998 at a friend's garage in Menlo Park, California. The total initial investment raised for the new company amounted to almost $1.1 million, including a $100,000 check by Andy Bechtolsheim, one of the founders of Sun Microsystems.
Both Brin and Page had been against using advertising pop-ups in a search engine, or an "advertising funded search engines" model, and they wrote a research paper in 1998 on the topic while still students. However, they soon changed their minds and early on allowed simple text ads.
In March 1999, the company moved into offices in Palo Alto, home to several other noted Silicon Valley technology startups. After quickly outgrowing two other sites, the company leased a complex of buildings in Mountain View, California at 1600 Amphitheatre Parkway from Silicon Graphics (SGI) in 2003. The company has remained at this location ever since, and the complex has since come to be known as the Googleplex (a play on the word googolplex). In 2006, Google bought the property from SGI for $319 million.
The Google search engine attracted a loyal following among a growing number of Internet users, who liked its simple design and useful results. In 2000, Google began selling advertisements associated with search keywords. The ads were text-based to maintain an uncluttered page design and to maximize page loading speed. Keywords were sold based on a combination of price bid and clickthroughs, with bidding starting at 5 cents per click. This model of selling keyword advertising was pioneered by Goto.com (later renamed Overture Services, before being acquired by Yahoo! and rebranded as Yahoo! Search Marketing). Goto.com was an Idealab spin off created by Bill Gross, and was the first company to successfully provide a pay-for-placement search service. Overture Services later sued Google over alleged infringements of Overture's pay-per-click and bidding patents by Google's AdWords service. The case was settled out of court, with Google agreeing to issue shares of common stock to Yahoo! in exchange for a perpetual license. Thus, while many of its dot-com rivals failed in the new Internet marketplace, Google quietly rose in stature while generating revenue.
A patent describing part of the Google ranking mechanism (PageRank) was granted on 4 September 2001. The patent was officially assigned to Stanford University and lists Lawrence Page as the inventor.
Name
The name "Google" originated from a misspelling of the word "googol", which refers to 10 100 , the number represented by a 1 followed by one hundred zeros. Having found its way increasingly into everyday language, the verb "google" was added to the Merriam Webster Collegiate Dictionary and the Oxford English Dictionary in 2006, meaning "to use the Google search engine to obtain information on the Internet."
Financing and initial public offering
The first funding for Google as a company was secured in August 1998, in the form of a $100,000 contribution from Andy Bechtolsheim, co-founder of Sun Microsystems, given to a corporation which did not yet exist.
On June 7, 1999 a round of funding of $25 million was announced, with the major investors being rival venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital.
The Google IPO took place on 19 August 2004. 19,605,052 shares were offered at a price of $85 per share. Of that, 14,142,135 (another mathematical reference as √2 ≈ 1.4142135) were floated by Google, and the remaining 5,462,917 were offered by existing stockholders. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion. The vast majority of the 271 million shares remained under the control of Google. Many Google employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefited from the IPO because it owned 8.4 million shares of Google as of 9 August 2004, ten days before the IPO.
The stock performance of Google after its first IPO launch has gone well, with shares hitting $700 for the first time on 31 October 2007, due to strong sales and earnings in the advertising market, as well as the release of new features such as the desktop search function and its iGoogle personalized home page. The surge in stock price is fueled primarily by individual investors, as opposed to large institutional investors and mutual funds.
The company is listed on the NASDAQ stock exchange under the ticker symbol GOOG and under the London Stock Exchange under the ticker symbol GGEA .
Growth
While the primary business interest is in the web content arena, Google has begun experimenting with other markets, such as radio and print publications. On 17 January 2006, Google announced the purchase of a radio advertising company "dMarc", which provides an automated system that allows companies to advertise on the radio. This will allow Google to combine two niche advertising media—the Internet and radio—with Google's ability to laser-focus on the tastes of consumers. Google has also begun an experiment in selling advertisements from its advertisers in offline newspapers and magazines, with select advertisements in the Chicago Sun-Times. They have been filling unsold space in the newspaper that would have normally been used for in-house advertisements.
Acquisitions
See also: List of acquisitions by GoogleSince 2001, Google has acquired several companies, mainly focusing on small start-ups.
In 2004, Google acquired a company called Keyhole, Inc., which developed a product called Earth Viewer, renamed in 2005 to Google Earth.
In February 2006, software company Adaptive Path sold Measure Map, a weblog statistics application, to Google. Registration to the service has since been temporarily disabled. The last update regarding the future of Measure Map was made on 6 April 2006 and outlined many of the known issues of the service.
In late 2006, Google bought the online video site YouTube for $1.65 billion in stock. Shortly after, on 31 October 2006, Google announced that it had also acquired JotSpot, a developer of wiki technology for collaborative Web sites.
On 13 April 2007, Google reached an agreement to acquire DoubleClick. Google agreed to buy the company for $3.1 billion.
On 2 July 2007, Google purchased GrandCentral. Google agreed to buy the company for $50 million.
On 9 July 2007, Google announced t
Home Based Business | Opportunities, Ideas, Work at Home
... of tried and tested home based business ... http://www.agent-money.com/pips.html. Our website is dedicated to researching home based business ... create your own Internet business; from ...
Home Based Business|Work from Home Bisness Ideas|Business and ...
... make money at home. What would happen if suddenly everyone left their job and started a business ... to earn hundreds of dollars from home ... Home Based Business Make Money.
ScamXposer | Home Based Business Opportunity Reviews Top Internet ...
... Internet income or home based business opportunity, I'll spend my money to ... Business In A Box - www.hokewebdesign.com: Top 10 Home Jobs ... Earn Cash - www.guessnow.com: Passive Internet ...
Home Based Business
Home Based Business Reviews ... per week on top of your full time job ... term viable business. With the internet becoming such a prominent role in most home businesses to make money ...
Work at Home - Legitimate Home Based Business Opportunities
"TOP RATED" WORK AT HOME INTERNET BUSINESS FOR 2 ... job or career; Earn money online ... Home-Based Business In ...
HomeSweetDollars.com -Home based Internet Business
... home based internet business and earn income ... home based and micro business owners cited that to make extra money was a ... jobs, you will quickly get paid top dollars from home for ...
Internet Home Based Business - Finding The Right One
Earn Money Fast-Why Work From Home Is The Best Opportunity ... Whatever type it is, an internet home based business is a job in ... Top 5 Reasons Why Home Based Businesses Fail
How to Make Money With Google Adsense Program|Top Paying Ready Made ...
"Most Profitable Work at Home Money Making Business Idea With Top ... I have quit my 9 to 5 job and making huge money ... Money Making Low Cost Home Based Internet Business To Earn ...
A Home Internet Based Business Opportunity You Can't Pass Up - (Earn ...
... your articles to the top ... You Can Earn Money Working at Home - Computer Jobs Can Be the ... You Can't Pass Up - (Earn Money While You Sleep)." A Home Internet Based Business ...
Earn Money at Home With a Home Based Business - Is it Possible?
... Home-Based-Business Category. Amazing Secrets Revealed - Easy High Paying Jobs on the Internet ... Top 5 Reasons For Moms to Work From Home ... Earn Money at Home With a Home Based Business ...