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Google was fThere were concerns that Google's IPO would lead to changes in company culture. Reasons ranged from shareholder pressure for employee benefit reductions to the fact that many company executives would become instant paper millionaires.[57] As a reply to this concern, co-founders Sergey Brin and Larry Page promised in a report to potential investors that the IPO would not change the company's culture.[58] In xxxx, articles in The New York Times and other sources began suggesting that Google had lost its anti-corporate, no evil philosophy.[59][60][61] In an effort to maintain the company's unique culture, Google designated a Chief Culture Officer, who also serves as the Director of Human Resources. The purpose of the Chief Culture Officer is to develop and maintain the culture and work on ways to keep true to the core values that the company was founded on: a flat organization with a collaborative environment.[62] Google has also faced allegations of sexism and ageism from fThe stock performed well after the IPO, with shares hitting $700 for the first time on October 31, xxxx,[65] primarily because of strong sales and earnings in the online advertising market.[66] The surge in stock price was fueled mainly by individual investors, as opposed to large institutional investors and mutual funds.[66] The company is listed on the NASDAQ stock exchange under the ticker symbol GOOG and on the Frankfurt Stock Exchange under In March xxxx, the company moved its offices to Palo Alto, California, which is home to several prominent Silicon Valley technology startups.[67] The next year, against Page and Brin's initial opposition toward an advertising-funded search engine,[68] Google began selling advertisements associated with search keywords.[26] In order to maintain an uncluttered page design and increase speed, advertisements were solely text-based. Keywords were sold based on a combination of price bids and click-throughs, with bidding starting at five This model of selling keyword advertising was first pioneered by Goto.com, an Idealab spin-off created by Bill Gross.[69][70] When the company changed names to Overture Services, it sued Google over alleged infringements of the company's pay-per-click and bidding patents. Overture Services would later be bought by Yahoo! and renamed Yahoo! Search Marketing. The case was then settled out of court; Google agreed to issue shares of common stock to Yahoo! in exchangeIn xxxx, Google received a patent for its PageRank mechanism.[72] The patent was officially assigned to Stanford University and lists Lawrence Page as the inventor. In xxxx, after outgrowing two other locations, the company leased an office complex from Silicon Graphics at xxxx Amphitheatre Parkway in Mountain View, California.[73] The complex became known as the Googleplex, a play on the word googolplex, the number one followed by a googol zeroes. The Googleplex interiors were designed by Clive Wilkinson Architects. Three years later, Google bought the property from SGI for $319 million.[74] By that time, the name "Google" had found its way into everyday language, causing the verb "google" to be added to the Merriam-Webster Collegiate Dictionary and the Oxford English Dictionary, denoted as "to use the Google search engine to obtain infoGoogle announced the launch of a new company called Calico on September 19, xxxx, which will be led by Apple chairman Arthur Levinson. In the official public statement, Page explained that the "health and wellbeing" company will focus on "the challenge of ageingAs of September xxxx, Google operates 70 offices in more than 40 countries.[78] Google celebrated its 15-year anniversary on September 27, xxxx, although it has used other dates for its official birthday.[79] The reason for the choice of September 27 remains unclear, and a dispute with rival search engine Yahoo! Search in xxxx has beenThe Alliance for Affordable Internet (A4AI) was launched in October xxxx and Google is part of the coalition of public and private organisations that also includes Facebook, Intel and Microsoft. Led by Sir Tim Berners-Lee, the A4AI seeks to make Internet access more affordable so that access is broadened in the developing world, where only 31% of people are online. Google will help to decrease internet access prices so that they fall below the UN Broadband Commission's worldwide target The corporation's consolidated revenue for the third quarter of xxxx is reported in mid-October xxxx as US$14.89 billion, a 12 percent increase compared to the previous quarter. Google's Internet business was responsible for US$10.8 billion of this total, with an increase in the number of users' clicks onSince xxxx, Google has acquired many companies, primarily small venture capital-funded firms. In xxxx, Google acquired Keyhole, Inc.[85] The start-up company developed a product called Earth Viewer that gave a three-dimensional view of the Earth. Google renamed the service to Google Earth in xxxx. Google acquired Urchin Software in April xxxx, using their 'Urchin on Demand' product (along with ideas from Adaptive Path's 'Measure Map') to create Google In October xxxx, Google announced that it had acquired the video-sharing site YouTube for US$1.65 billion in Google stock, and the deal was finalized on November 13, xxxx.[86] Google does not provide detailed figures for YouTube's running costs, and YouTube's revenues in xxxx were noted as "not material" in a regulatory filing.[87] In June xxxx, a Forbes magazine article projected the xxxx YouTube revenue at US$200 million, noting progress iOn April 13, xxxx, Google reached an agreement to acquire DoubleClick for $3.1 billion, giving Google valuable relationships that DoubleClick had with Web publishers and advertising agencies.[89] Later that same year, Google purchased GrandCentral for $50 million.[90] The site would later be changed over to Google Voice. On August 5, xxxx, Google bought out its first public company, purchasing video software maker On2 Technologies for $106.5 million.[91] Google also acquired Aardvark, a social network search engine, for $50 million, and commented on its internal blog, "we're looking forward to collaborating to see where we can take it".[92] In April xxxx, Google announced it had acquired a hardwareIn addition to the many companies Google has purchased, the company has partnered with other organizations for research, advertising, and other activities. In xxxx, Google partnered with NASA Ames Research Center to build 1,000,000 square feet (93,000 m2) of offices.[94] The offices would be used for research projects involving large-scale data management, nanotechnology, distributed computing, and the entrepreneurial space industry. Google entered into a partnership with Sun Microsystems in October xxxx to help share and distribute each The company also partnered with AOL[96] to enhance each other's video search services. Google's xxxx partnerships also included financing the new .mobi top-level domain for mobile devices, along with other companies including Microsoft, Nokia, and Ericsson.[97] Google would later launch "AdSense for Mobile", taking advantage of the emerging mobile advertising market.[98] Increasing its advertising reach even further, Google and Fox Interactive Media of News Corporation entered into a $900 million agreement to provide search and advertising on the then-popular social In xxxx, Google developed a partnership with GeoEye to launch a satellite providing Google with high-resolution (0.41 m monochrome, 1.65 m color) imagery for Google Earth. The satellite was launched from Vandenberg Air Force Base on September 6, xxxx.[103] Google also announced in xxxx that it was hosting an archive of Life Magazine's photographs. Some of the images in the archive were never published in the magazine.[104] The photos were watermarked and originally had copyright notices posted on all photos, regardless of pIn xxxx, Google Energy made its first investment in a renewable energy project, putting $38.8 million into two wind farms in North Dakota. The company announced the two locations will generate 169.5 megawatts of power, enough to supply 55,000 homes. The farms, which were developed by NextEra Energy Resources, will reduce fossil fuel use in the region and return profits. NextEra Energy Resources sold Google a twenty-percent stake in the project to get funding for its development.[106] In February xxxx, the Federal Energy Regulatory Commission FERC granted Google an authorization to buy and sell energy at market rates.[107] The order specifically states that Google Energy?a subsidiary of Google?holds the rights "for the sale of energy, capacity, and ancillary services at market-based rates", but acknowledges that neither Google Energy nor its affiliates "own or control any generation or transmission" facilities.[108] The corporation exercised this authorization in September xxxx when it announced that it will purchase all of the electricity produced by the not-yet-built 240-megawatt Also in xxxx, Google purchased Global IP Solutions, a Norway-based company that provides web-based teleconferencing and other related services. This acquisition enabled Google to add telephone-style services to its list of products.[110] On May 27, xxxx, Google announced it had also closed the acquisition of the mobile ad network AdMob. This occurred days after the Federal Trade Commission closed its investigation into the purchase.[111] Google acquired the company for an undisclosed amount.[112] In July xxxx, Google signed an agreement with an Iowa wind farm to buy 114 megawatts On August 15, xxxx, Google made its largest-ever acquisition to-date when announced that it would acquire Motorola Mobility for $12.5 billion[115][116] subject to approval from regulators in the United States and Europe. In a post on Google's blog, Google Chief Executive and co-founder Larry Page revealed that the acquisition was a strategic move to strengthen Google's patent portfolio. The company's Android operating system has come under fire in an industry-wide patent battle, as Apple and Microsoft have sued Android device makers such as HTC, Samsung, and Motorola.[117] The merger was completed on the May 22, xxxx, after the approval of People's This purchase was made in part to help Google gain Motorola's considerable patent portfolio on mobile phones and wireless technologies to help protect it in its ongoing patent disputes with other companies,[119] mainly Apple and Microsoft[117] and to allow it to continue to freely offer Android.[120] After the acquisition closed, Google began to restructure the Motorola business to fit Google's strategy. On August 13, xxxx, Google announced plans to layoff xxxx Motorola Mobility employees.[121] On December 10, xxxx, Google sold the manufacturing operations of Motorola Mobility to Flextronics for $75 million.[122] As a part of the agreement, Flextronics will manufacture undisclosed Android and other mobile devices.[123] On December 19, xxxx, Google sold the Motorola Home business division of Motorola Mobility to Arris Group for $2.35 billion in a cash-and-stock transaction. As a part of this deal, Google acquired a 15.7% stake in Arris Group On February 6, xxxx, Google announced it had acquired Channel Intelligence for $125 million. Channel Intelligence, a technology company that helps customers buy products online, is active globally in 31 different countries and works with over 850 retailers. Google will use this technology to Following the acquisition of Waze, Google submitted a "10-Q" filing with the Securities Exchange Commission (SEC) that revealed that the corporation spent US$1.3 billion on acquisitions during the first half of xxxx. The filing also revealed that the Waze acquisition cost Google US$966 million, instead of the US$1.1 billion figure that was initially pThe xxxx acquisition of WIMM Labs, a company that previously made an Android-powered smartwatch, was confirmed in August xxxx. As of August 31, xxxx, Google has not publicly commented on the news concerning WIMM Labs.[130] The acquisition of Flutter, a creator of hand gesture recognition technology, was confirmed by the corporation in early October xxxx. The reported price is US$40 million and Google spokesperson stated: "We're really impressed by the Flutter team's ability to design new technology based on cutting-edge research." Flutter's technology allows users to enact hand gestures to control navigation for apps such as iTunes, Windows MediaFor the xxxx fiscal year, the company reported $10.492 billion in total advertising revenues and only $112 million in licensing and other revenues.[138] In xxxx, 96% of Google's revenue was derived from its advertising programs.[139] Using technology from the company DoubleClick, Google can determine user interests and target advertisements so they are relevant to their context and the user thatGoogle Analytics allows website owners to track where and how people use their website, for example by examining click rates for all the links on a page.[142] Google advertisements can be placed on third-party websites in a two-part program. Google's AdWords allows advertisers to display their advertisements in the Google content network, through either a cost-per-click or cost-per-view scheme. The sister service, Google AdSense, allows website owners to display these advertisements on their website and earn money everyIn February xxxx, Google stopped showing the advertisements of Oceana, a non-profit organization protesting a major cruise ship's sewage treatment practices. Google cited its editorial policy at the time, stating "Google does not accept advertising if the ad or site advocates against other individuals, groups, or organizations."[145] The policy was later changed.[146] In June xxxx, Google reached an advertising agreement with Yahoo!, which would have allowed Yahoo! to feature Google advertisements on its web pages. The alliance between the two companies was never completely realized because of antitrust concerns by the U.S. Department of Justice. As a result, Google pulled out of the deal In xxxx, The New York Times complained about Google's indexing, claiming that Google's caching of content on its site infringed its copyright for the content.[152] In this case, the United States District Court of Nevada ruled in favor of Google in Field v. Google and Parker v. Google.[153][154] The publication xxxx: The Hacker Quarterly has compiled a list of words that the web giant's new instant search feature willGoogle also hosts Google Books. The company began scanning books and uploading limited previews, and full books where allowed, into its new book search engine. The Authors Guild, a group that represents 8,000 U.S. authors, filed a class action suit in a New York City federal court against Google in xxxx over this service. Google replied that it is in compliance with all existing and historical applications of copyright laws regarding books.[158] Google eventually reached a revised settlement in xxxx to limit its scans to books from the U.S., the UK, Australia, and Canada.[159] Furthermore, the Paris Civil Court ruled against Google in late xxxx, asking it to remove the works of La Martinière (Éditions du Seuil) from its database.[160] In competition with Amazon.com, Google sells digital Gmail, a free webmail service provided by Google, was launched as an invitation-only beta program on April 1, xxxx,[164] and became available to the general public on February 7, xxxx.[165] The service was upgraded from beta status on July 7, xxxx,[166] at which time it had 146 million users monthly.[167] The service was the first online email service with one gigabyte of storage. It was also the first to keep emails from the same conversation together in one thread, similar to an Internet forum.[164] The service offers over 15 GB of free storage, shared with other Google Apps, with additional storage ranging from 20 GB to 16 TB available fGmail uses AJAX, a programming technique that allows web pages to be interactive without refreshing the browser.[169] Steve Ballmer (Microsoft's CEO),[170] Liz Figueroa,[171] Mark Rasch,[172] and the editors of Google Watch[173] have criticised the privacy of Gmail, but Google claims that mail sent to or from Gmail is never read by a human being beyond the account holder and is only used to improve relIn xxxx, Google started opensource software project hosting, called Google Code, which allows developers to download incomplete programs at no charge. Google Docs, another part of Google's productivity suite, allows users to create, edit, and collaborate on documents in an online environment, similar to Microsoft Word. The service was originally called Writely, but was obtained by Google on March 9, xxxx, and was released as an invitation-only preview.[175] On June 6 after the acquisition, Google created an experimental spreadsheet editing program,[176] which was combined with Google Search Appliance was launched in February xxxx, targeted toward providing search technology for larger organizations.[26] Google launched the Mini three years later, which was targeted at smaller organizations. Late in xxxx, Google began to sell Custom Search Business Edition, providing customers with an advertising-free window into Google.com's index. The service was renamed GGoogle Apps allows organizations to bring Google's web application offerings, such as Gmail and Google Docs, into their own domains. The service is available in several editions: a basic free edition (formerly known as Google Apps Standard edition), Google Apps for Business, Google Apps for Education, and Google Apps for Government. In the same year Google Apps was launched, Google acquired Postini[179] and proceeded to integrate the company's security technologies into Google Apps[180] under theGoogle launched its Google News service in xxxx, an automated service which summarizes news articles from various websites.[183] In March xxxx, Agence France Presse (AFP) sued Google for copyright infringement in federal court in the District of Columbia, a case which Google settled for an undisclosed amount in a pact that included a license of the full text of AFP articles for use on Google News.[184] name Google Postini Services.[181]oogle Site Search in xxxx.[178]Google Docs on October 10.[177]evance of advertisements.[174]or US$0.25 per 1 GB per year.[168]versions of new books.[161] not search.[155]in November xxxx.[147][148] time ads are clicked.[143] is viewing them.[140][141] Player, and Winamp.[131]resented in media sources.[127][128][129]enhance its e-commerce business.[126]valued at $300 million.[124]Republic of China.[118]of energy for 20 years.[113]Happy Hereford wind farm.[109]ublic domain status.[105]networking site MySpace.[99]other's technologies.[95] startup, Agnilux.[93]n advertising sales.[88]Analytics in xxxx. advertisements.[83]of 5% of monthly income.[82] suggested as the cause.[80][81] and associated diseases".[77]rmation on the Internet."[75][76] for a perpetual license.[71]cents per click.[26]the ticker symbol GGQ1.ormer employees.[63][64]ounded by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University. Together they own about 16 percent of its shares. They incorporated Google as a privately held company on September 4, xxxx. An initial public offering followed on August 19, xxxx. Its mission statement from the outset was "to organize the world's information and make it universally accessible and useful",[10] and its unofficial slogan was "Don't be evil".[11][12] In xxxx Google moved to headquarters in Mountain View, California,Rapid growth since incorporation has triggered a chain of products, acquisitions and partnerships beyond Google's core search engine. It offers online productivity software including email (Gmail), an office suite (Google Drive), and social networking (Google+). Desktop products include applications for web browsing, organizing and editing photos, and instant messaging. The company leads the development of the Android mobile operating system and the browser-only Chrome OS[13] for a netbook known as a Chromebook. Google has moved increasingly into communications hardware: it partners with major electronics manufacturers in production of its high-end Nexus devices and acquired Motorola Mobility in May xxxx.[14] In xxxx, a fiber-optic infrastructure was installed in Kansas City to facilitate a Gcenters around the world[16] and to process over one billion search requests[17] and about 24 petabytes of user-generated data each day.[18][19][20][21] In December xxxx Alexa listed google.com as the most visited website in the world. Numerous Google sites in other languages figure in the top one hundred, as do several other Google-owned sites such as YouTube and Blogger.[22] Its market dominance has led to criticism of the company over issues such as copyright,While conventional search engines ranked results by counting how many times the search terms appeared on the page, the two theorized about a better system that analyzed the relationships between websites.[27] They called this new technology PageRank; it determined a website's relevance by the number of pages, and the importance of those pages, that linked A small search engine called "RankDex" from IDD Information Services designed by Robin Li was, since xxxx, already exploring a similar strategy for site-scoring and page ranking.[30] The technology in RankDex would be patented[31] and used later when LiPage and Brin originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a site.[34][35][36] Eventually, they changed the name to Google, originating from a misspelling of the word "googol",[37][38] the number one followed by one hundred zeros, which was picked to signify that the search engine was intended to provide large quantities of information.[39] Originally, Google ran under Stanford University's website, with the domains google.stanford.edu andIn May xxxx, the number of monthly unique visitors to Google surpassed one billion for the first time, an 8.4 percent increase from May xxxx (931 million).[45] In January xxxx, Google announced it had earned $50 billion in annual revenue for the year of xxxx. This marked the first time the company had reached this feat, topping theirThe first funding for Google was an August xxxx contribution of US$100,000 from Andy Bechtolsheim, co-founder of Sun Microsystems, given before Google was incorporated.[48] Early in xxxx, while graduate students, Brin and Page decided that the search engine they had developed was taking up too much time and distracting their academic pursuits. They went to Excite CEO George Bell and offered to sell it to him for $1 million. He rejected the offer and later criticized Vinod Khosla, one of Excite's venture capitalists, after he negotiated Brin and Page down to $750,000. On June 7, xxxx, a $25 million round of funding was announced,[49] with major investors including the venture capital firms Kleiner Perkins Caufield &Google's initial public offering (IPO) took place five years later on August 19, xxxx. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year xxxx.[50] The company offered 19,605,052 shares at a price of $85 per share.[51][52] Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal.[53][54] The sale of $1.67 billion gave Google a market capitalization of more than $23 billion.[55] The vast majority of the 271 million shares remained under the control of Google, and many Google employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefited because it owned 8.4 million shares of Google before the IPO took place.[56] Byers and Sequoia Capital.[48] xxxx total of $38 billion.[46] z.stanford.edu.[40][41] founded Baidu in China.[32][33]back to the original site.[28][29] censorship, and privacy.[23][24]oogle Fiber broadband service.[15] nicknamed the Googleplex.
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