GOOGLE AT 25: RISE OF A SEARCH ENGINE THAT BECAME A TECHNOLOGY BEHEMOTH
GOOGLE AT 25: THE RISE OF A SEARCH ENGINE THAT BECAME A GLOBAL ICT BEHEMOTH
LESSONS FOR NIGERIAN AND AFRICAN ENTERPRISES FROM THE GOOGLE EXAMPLE...
The Google company which came into force exactly September 4 1998 making it 25 years ago this year, when it was founded by two PHD Students at Stanford university American Larry Page and Sergei Brin from Russia who were taking advantage of the rise of internet technology which was gaining significant traction in the late 1990’s with the introduction of search engine that later revolutionised the technology world..
A few examples for myself of which I have learnt and willing to share with the World due to my passion for developing enterprises in Nigeria and Africa of which our leaders don’t see any value in developing the entrepreneurial culture of its citizens.
THE GOOGLE LESSONS
1. MENTORSHIP AND EXPERIENCE: The founders of google did something remarkable which is very rare and uncommon in the managerial world today especially in Africa,they cede managerial control to a more experienced and capable hand in Eric Schimdt who was the initial CEO of the google firm,they took a backseat to learn and understudy from the CEO Schmidt to enable them develop themselves for the future responsibilities which has made Google the Multi-billion firm it has become today,but here in the Africa Continent we have their arrogant disposition of wanting to be lord over everything, when you don’t have any managerial skill and capacity as a start-up firm which today many enterprises have either folded up or struggling as one man entities with very disorganised business patterns destined for calamitous failures.
2. Building business Structures and Systems:Institutionalising your company creating a long term institution.
Google is a multi-national corporation or an institution with its structures,system,processes and teams which it has built over time ensuring it outlives the two founders of the company,it is simply an automated enterprise that run without the daily efforts of its founders with a well defined corporate culture,policies and operational procedures , many businesses in developing nations mostly in Africa are mainly one-man shows that are on the long-run a terrible waste of time,energy and resources. It is simply a mindset of selfishness,ignorance,arrogance and unrestrained ego of most business owners here in Africa who are just blind and bereft of ideas.
GROWING OUT OF FAILURE:
In the course of the Google journey in 25 years they have made lots of mistakes and failures for example their attempt at going into social media with GOOGLE PLUS ended in a failure alongside other initiatives,it is in the human nature to fail since human beings are not perfect in our decisions,they have grown out of their failures and recorded outstanding successes that have overshadowed their failures….Here in our continent in Africa our people fail and simply in most cases resign to fate and abandon their dreams for a successful future,it is common to fail in life but never let failure relegate your success ambitions to the background..
1. MERGERS AND ACQUISITIONS
One of the salient strategies that facilitates rapid growth of enterprises at their growth stage, is through mergers,combinations or outright acquisitions of cashflow entities with exponential growth capabilities, for example the acquisition of Youtube by Google company was a strategic move which has created enormous wealth and huge market value for the Google brand…Other technology giants like Meta inc acquired Instagram and whatsapp which drove the Meta brands into a over $100B market value amongst other examples in the corporate World.So African businesses must toe the path of merger and acquisition if they are to experience phenomenal growth,but a world of caution must be here that acquisitions have to be carefully analysed before make such audacious move even in the western world some acquisitions have turned out to be very bad investments.
THE GOOGLE STORY WITH AID,RESEARCH AND SUPPORT BY GLOBAL WIKI FOUNDATION LIBRARY…
Google corporation is an American multinational technology company focusing on artificial intelligence, online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics. It has been referred to as "the most powerful company in the world"and as one of the world's most valuable brands due to its market dominance, data collection, and technological advantages in the field of artificial intelligence.
Alongside Amazon, Apple Inc., Meta Platforms, and Microsoft, Google's parent company Alphabet Inc. is one of the five Big Tech companies.
Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin while they were PhD students at Stanford University in California. Together they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public via an initial public offering (IPO) in 2004. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc. Google is Alphabet's largest subsidiary and is a holding company for Alphabet's internet properties and interests. Sundar Pichai was appointed CEO of Google on October 24, 2015, replacing Larry Page, who became the CEO of Alphabet. On December 3, 2019, Pichai also became the CEO of Alphabet.
The company has since rapidly grown to offer a multitude of products and services beyond Google Search, many of which hold dominant market positions. These products address a wide range of use cases, including email (Gmail), navigation (Waze & Maps), cloud computing (Cloud), web browsing (Chrome), video sharing (YouTube), productivity (Workspace), operating systems (Android), cloud storage (Drive), language translation (Translate), photo storage (Photos), video calling (Meet), smart home (Nest), smartphones (Pixel), wearable technology (Pixel Watch & Fitbit), music streaming (YouTube Music), video on demand (YouTube TV), artificial intelligence (Google Assistant), machine learning APIs (TensorFlow), AI chips (TPU), and more. Discontinued Google products include gaming (Stadia), Glass, Google+, Reader, Play Music, Nexus, Hangouts, and Inbox by Gmail.
Google's other ventures outside of Internet services and consumer electronics include quantum computing (Sycamore), self-driving cars (Waymo, formerly the Google Self-Driving Car Project), smart cities (Sidewalk Labs), and transformer models (Google Deepmind).
Google and YouTube are the two most visited websites worldwide followed by Facebook and X. Google is also the largest search engine, mapping and navigation application, email provider, office suite, video sharing platform, photo and cloud storage provider, mobile operating system, web browser, ML framework, and AI virtual assistant provider in the world as measured by market share. On the list of most valuable brands, Google is ranked second by Forbes and fourth by Interbrand.
It has received significant criticism involving issues such as privacy concerns, tax avoidance, censorship, search neutrality, antitrust and abuse of its monopoly position.
History
Main articles: History of Google and List of mergers and acquisitions by Alphabet
See also: Alphabet Inc.
Early years
Larry Page and Sergey Brin in 2003
Google began in January 1996 as a research project by Larry Page and Sergey Brin when they were both PhD students at Stanford University in California.
The project initially involved an unofficial "third founder", Scott Hassan, the original lead programmer who wrote much of the code for the original Google Search engine, but he left before Google was officially founded as a company;
Hassan went on to pursue a career in robotics and founded the company Willow Garage in 2006.
While conventional search engines ranked results by counting how many times the search terms appeared on the page, they theorized about a better system that analyzed the relationships among websites.
They called this algorithm PageRank; it determined a website's relevance by the number of pages, and the importance of those pages that linked back to the original site.
Page told his ideas to Hassan, who began writing the code to implement Page's ideas.
Page and Brin originally nicknamed the new search engine "BackRub", because the system checked backlinks to estimate the importance of a site.
Hassan as well as Alan Steremberg were cited by Page and Brin as being critical to the development of Google. Rajeev Motwani and Terry Winograd later co-authored with Page and Brin the first paper about the project, describing PageRank and the initial prototype of the Google search engine, published in 1998. Héctor García-Molina and Jeff Ullman were also cited as contributors to the project. PageRank was influenced by a similar page-ranking and site-scoring algorithm earlier used for RankDex, developed by Robin Li in 1996, with Larry Page's PageRank patent including a citation to Li's earlier RankDex patent; Li later went on to create the Chinese search engine Baidu.
Eventually, they changed the name to Google; the name of the search engine was a misspelling of the word googol, a very large number written 10100 (1 followed by 100 zeros), picked to signify that the search engine was intended to provide large quantities of information.
Google was initially funded by an August 1998 investment of $100,000 from Andy Bechtolsheim,co-founder of Sun Microsystems. This initial investment served as a motivation to incorporate the company to be able to use the funds.
Page and Brin initially approached David Cheriton for advice because he had a nearby office in Stanford, and they knew he had startup experience, having recently sold the company he co-founded, Granite Systems, to Cisco for $220 million. David arranged a meeting with Page and Brin and his Granite co-founder Andy Bechtolsheim. The meeting was set for 8 a.m. at the front porch of David's home in Palo Alto and it had to be brief because Andy had another meeting at Cisco, where he now worked after the acquisition, at 9 a.m. Andy briefly tested a demo of the website, liked what he saw, and then went back to his car to grab the check. David Cheriton later also joined in with a $250,000 investment.
Google received money from two other angel investors in 1998: Amazon.com founder Jeff Bezos, and entrepreneur Ram Shriram.
Page and Brin had first approached Shriram, who was a venture capitalist, for funding and counsel, and Shriram invested $250,000 in Google in February 1998.
Shriram knew Bezos because Amazon had acquired Junglee, at which Shriram was the president. It was Shriram who told Bezos about Google. Bezos asked Shriram to meet Google's founders and they met six months after Shriram had made his investment when Bezos and his wife were on a vacation trip to the Bay Area. Google's initial funding round had already formally closed but Bezos' status as CEO of Amazon was enough to persuade Page and Brin to extend the round and accept his investment.
Between these initial investors, friends, and family Google raised around $1,000,000, which is what allowed them to open up their original shop in Menlo Park, California.
Craig Silverstein, a fellow PhD student at Stanford, was hired as the first employee.
After some additional, small investments through the end of 1998 to early 1999,
a new $25 million round of funding was announced on June 7, 1999, with major investors including the venture capital firms Kleiner Perkins and Sequoia Capital.
Both firms were initially reticent about investing jointly in Google, as each wanted to retain a larger percentage of control over the company to themselves. Larry and Sergey however insisted in taking investments from both. Both venture companies finally agreed to investing jointly $12.5 million each due to their belief in Google's great potential and through the mediation of earlier angel investors Ron Conway and Ram Shriram who had contacts in the venture companies.
Growth
In March 1999, the company moved its offices to Palo Alto, California, which is home to several prominent Silicon Valley technology start-ups.
The next year, Google began selling advertisements associated with search keywords against Page and Brin's initial opposition toward an advertising-funded search engine.
To maintain an uncluttered page design, advertisements were solely text-based.
In June 2000, it was announced that Google would become the default search engine provider for Yahoo!, one of the most popular websites at the time, replacing Inktomi.
Google's first production server
In 2003, after outgrowing two other locations, the company leased an office complex from Silicon Graphics, at 1600 Amphitheatre Parkway in Mountain View, California..
The complex became known as the Googleplex, a play on the word googolplex, the number one followed by a googol of zeroes. Three years later, Google bought the property from SGI for $319 million. 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 information on the Internet". The first use of the verb on television appeared in an October 2002 episode of Buffy the Vampire Slayer.
Additionally, in 2001 Google's investors felt the need to have a strong internal management, and they agreed to hire Eric Schmidt as the chairman and CEO of Google.Eric was proposed by John Doerr from Kleiner Perkins. He had been trying to find a CEO that Sergey and Larry would accept for several months, but they rejected several candidates because they wanted to retain control over the company. Michael Moritz from Sequoia Capital at one point even menaced requesting Google to immediately pay back Sequoia's $12.5m investment if they did not fulfill their promise to hire a chief executive officer, which had been made verbally during investment negotiations. Eric was not initially enthusiastic about joining Google either, as the company's full potential had not yet been widely recognized at the time, and as he was occupied with his responsibilities at Novell where he was CEO. As part of him joining, Eric agreed to buy $1 million of Google preferred stocks as a way to show his commitment and to provide funds Google needed.
Initial public offering
On August 19, 2004, Google became a public company via an initial public offering. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024.
The company offered 19,605,052 shares at a price of $85 per share.
Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal
The sale of $1.67 billion gave Google a market capitalization of more than $23 billion.
Eric Schmidt, CEO of Google from 2001 to 2011
On November 13, 2006, Google acquired YouTube for $1.65 billion in Google stock, On March 11, 2008, Google acquired DoubleClick for $3.1 billion, transferring to Google valuable relationships that DoubleClick had with Web publishers and advertising agencies.
By 2011, Google was handling approximately 3 billion searches per day. To handle this workload, Google built 11 data centers around the world with several thousand servers in each. These data centers allowed Google to handle the ever-changing workload more efficiently.
In May 2011, the number of monthly unique visitors to Google surpassed one billion for the first time.
In May 2012, Google acquired Motorola Mobility for $12.5 billion, in its largest acquisition to date. This purchase was made in part to help Google gain Motorola's considerable patent portfolio on mobile phones and wireless technologies, to help protect Google in its ongoing patent disputes with other companies, mainly Apple and Microsoft,and to allow it to continue to freely offer Android..
2012 onward
In June 2013, Google acquired Waze, a $966 million deal.While Waze would remain an independent entity, its social features, such as its crowdsourced location platform, were reportedly valuable integration between Waze and Google Maps, Google's own mapping service.
Google announced the launch of a new company, called Calico, on September 19, 2013, to be led by Apple Inc. chairman Arthur Levinson. In the official public statement, Page explained that the "health and well-being" company would focus on "the challenge of ageing and associated diseases".
Entrance of building where Google and its subsidiary Deep Mind are located at 6 Pancras Square, London
On January 26, 2014, Google announced it had agreed to acquire DeepMind Technologies, a privately held artificial intelligence company from London. Technology news website Recode reported that the company was purchased for $400 million, yet the source of the information was not disclosed. A Google spokesperson declined to comment on the price.
The purchase of DeepMind aids in Google's recent growth in the artificial intelligence and robotics community.
In 2015, DeepMind's AlphaGo became the first computer program to defeat a top human pro at the game of Go.
According to Interbrand's annual Best Global Brands report, Google has been the second most valuable brand in the world (behind Apple Inc.) in 2013,] 2014,2015,and 2016, with a valuation of $133 billion.
On August 10, 2015, Google announced plans to reorganize its various interests as a conglomerate named Alphabet Inc. Google became Alphabet's largest subsidiary and the umbrella company for Alphabet's Internet interests. Upon completion of the restructuring, Sundar Pichai became CEO of Google, replacing Larry Page, who became CEO of Alphabet.
Current Google CEO, Sundar Pichai, with Prime Minister of India, Narendra Modi
On August 8, 2017, Google fired employee James Damore after he distributed a memo throughout the company that argued bias and "Google's Ideological Echo Chamber" clouded their thinking about diversity and inclusion, and that it is also biological factors, not discrimination alone, that cause the average woman to be less interested than men in technical positions.Google CEO Sundar Pichai accused Damore of violating company policy by "advancing harmful gender stereotypes in our workplace", and he was fired on the same day.
Between 2018 and 2019, tensions between the company's leadership and its workers escalated as staff protested company decisions on internal sexual harassment, Dragonfly, a censored Chinese search engine, and Project Maven, a military drone artificial intelligence, which had been seen as areas of revenue growth for the company.
On October 25, 2018, The New York Times published the exposé, "How Google Protected Andy Rubin, the 'Father of Android'". The company subsequently announced that "48 employees have been fired over the last two years" for sexual misconduct. On November 1, 2018, more than 20,000 Google employees and contractors staged a global walk-out to protest the company's handling of sexual harassment complaints. CEO Sundar Pichai was reported to be in support of the protests. Later in 2019, some workers accused the company of retaliating against internal activists
On March 19, 2019, Google announced that it would enter the video game market, launching a cloud gaming platform called Google Stadia.
On June 3, 2019, the United States Department of Justice reported that it would investigate Google for antitrust violations..
This led to the filing of an antitrust lawsuit in October 2020, on the grounds the company had abused a monopoly position in the search and search advertising markets.
In December 2019, former PayPal chief operating officer Bill Ready became Google's new commerce chief. Ready's role will not be directly involved with Google Pay.
In April 2020, due to the COVID-19 pandemic, Google announced several cost-cutting measures. Such measures included slowing down hiring for the remainder of 2020, except for a small number of strategic areas, recalibrating the focus and pace of investments in areas like data centers and machines, and non-business essential marketing and travel.
Most employees were also working from home due to the COVID-19 pandemic and the success of it even led to Google announcing that they would be permanently converting some of their jobs to work from home.
The 2020 Google services outages disrupted Google services: one in August that affected Google Drive among others, another in November affecting YouTube, and a third in December affecting the entire suite of Google applications. All three outages were resolved within hours.
In 2021, the Alphabet Workers Union was founded, composed mostly of Google employees.In January 2021, the Australian Government proposed legislation that would require Google and Facebook to pay media companies for the right to use their content. In response, Google threatened to close off access to its search engine in Australia
In March 2021, Google reportedly paid $20 million for Ubisoft ports on Google Stadia. Google spent "tens of millions of dollars" on getting major publishers such as Ubisoft and Take-Two to bring some of their biggest games to Stadia.
In April 2021, The Wall Street Journal reported that Google ran a years-long program called "Project Bernanke" that used data from past advertising bids to gain an advantage over competing for ad services. This was revealed in documents concerning the antitrust lawsuit filed by ten US states against Google in December.
In September 2021, the Australian government announced plans to curb Google's capability to sell targeted ads, claiming that the company has a monopoly on the market harming publishers, advertisers, and consumers
In 2022, Google began accepting requests for the removal of phone numbers, physical addresses and email addresses from its search results. It had previously accepted requests for removing confidential data only, such as Social Security numbers, bank account and credit card numbers, personal signatures, and medical records. Even with the new policy, Google may remove information from only certain but not all search queries. It would not remove content that is "broadly useful", such as news articles, or already part of the public record..
In May 2022, Google announced that the company had acquired California based, MicroLED display technology development and manufacturing Start-up Raxium. Raxium is set to join Google's Devices and Services team to aid in the development of micro-optics, monolithic integration, and system integration.
In early 2023, following the success of ChatGPT and concerns that Google was falling behind in the AI race, Google's senior management issued a "code red" and a "directive that all of its most important products—those with more than a billion users—must incorporate generative AI within months".
In early May 2023, Google announced its plans to build two additional data centers in Ohio. These centers, which will be built in Columbus and Lancaster, will power up the company’s tools, including AI technology. The said data hub will add to the already operational center near Columbus, bringing Google's total investment in Ohio to over $2 billion…
Products and services
Search engine
Main articles: Google Search and Google Images
Google indexes billions of web pages to allow users to search for the information they desire through the use of keywords and operators. According to comScore market research from November 2009, Google Search is the dominant search engine in the United States market, with a market share of 65.6%..
In May 2017, Google enabled a new "Personal" tab in Google Search, letting users search for content in their Google accounts' various services, including email messages from Gmail and photos from Google Photos..
Google launched its Google News service in 2002, an automated service which summarizes news articles from various websites.
Google also hosts Google Books, a service which searches the text found in books in its database and shows limited previews or and the full book where allowed.
Google expanded its search services to include shopping (launched originally as Froogle in 2002), finance (launched 2006), and flights (launched 2011).
Advertising
Google on ad-tech London, 2010
Google generates most of its revenues from advertising. This includes sales of apps, purchases made in-app, digital content products on Google and YouTube, Android and licensing and service fees, including fees received for Google Cloud offerings. Forty-six percent of this profit was from clicks (cost per clicks), amounting to US$109,652 million in 2017. This includes three principal methods, namely AdMob, AdSense (such as AdSense for Content, AdSense for Search, etc.) and DoubleClick AdExchange.
In addition to its own algorithms for understanding search requests, Google uses technology its acquisition of DoubleClick, to project user interest and target advertising to the search context and the user history.
In 2007, Google launched "AdSense for Mobile", taking advantage of the emerging mobile advertising market.
Google 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.
Google advertisements can be placed on third-party websites in a two-part program. Google Ads allows advertisers to display their advertisements in the Google content network, through a cost-per-click scheme..
The sister service, Google AdSense, allows website owners to display these advertisements on their website and earn money every time ads are clicked.
One of the criticisms of this program is the possibility of click fraud, which occurs when a person or automated script clicks on advertisements without being interested in the product, causing the advertiser to pay money to Google unduly. Industry reports in 2006 claimed that approximately 14 to 20 percent of clicks were fraudulent or invalid. Google Search Console (rebranded from Google Webmaster Tools in May 2015) allows webmasters to check the sitemap, crawl rate, and for security issues of their websites, as well as optimize their website's visibility.
Consumer services
Web-based services
Google offers Gmail for email, Google Calendar for time-management and scheduling, Google Maps for mapping, navigation and satellite imagery Google Drive for cloud storage of files,Google Docs, Sheets and Slides for productivity, Google Photos for photo storage and sharing, Google Keep for note-taking, Google Translate for language translation, YouTube for video viewing and sharing, Google My Business for managing public business information, and Duo for social interaction.
In March 2019, Google unveiled a cloud gaming service named Stadia. A job search product has also existed since before 2017, Google for Jobs is an enhanced search feature that aggregates listings from job boards and career sites.
Some Google services are not web-based. Google Earth, launched in 2005, allowed users to see high-definition satellite pictures from all over the world for free through a client software downloaded to their computers.
Software
Google develops the Android mobile operating system as well as its smartwatch, television,car, and Internet of things-enabled smart devices variations.
It also develops the Google Chrome web browser, and ChromeOS, an operating system based on Chrome.
Hardware
In January 2010, Google released Nexus One, the first Android phone under its own brand. It spawned a number of phones and tablets under the "Nexus" Branding until its eventual discontinuation in 2016, replaced by a new brand called Pixel
In 2011, the Chromebook was introduced, which runs on ChromeOS.
In July 2013, Google introduced the Chromecast dongle, which allows users to stream content from their smartphones to televisions.
In June 2014, Google announced Google Cardboard, a simple cardboard viewer that lets the user place their smartphone in a special front compartment to view virtual reality (VR) media.
Other hardware products include:
· Nest, a series of voice assistant smart speakers that can answer voice queries, play music, find information from apps (calendar, weather etc.), and control third-party smart home appliances (users can tell it to turn on the lights, for example). The Google Nest line includes the original Google Home (later succeeded by the Nest Audio), the Google Home Mini (later succeeded by the Nest Mini), the Google Home Max, the Google Home Hub (later rebranded as the Nest Hub), and the Nest Hub Max.
· Nest Wifi (originally Google Wifi), a connected set of Wi-Fi routers to simplify and extend coverage of home Wi-Fi.
Enterprise services
Main articles: Google Workspace and Google Cloud Platform
Google Workspace (formerly G Suite until October 2020 is a monthly subscription offering for organizations and businesses to get access to a collection of Google's services, including Gmail, Google Drive and Google Docs, Google Sheets and Google Slides, with additional administrative tools, unique domain names, and 24/7 support.
On September 24, 2012, Google launched Google for Entrepreneurs, a largely not-for-profit business incubator providing startups with co-working spaces known as Campuses, with assistance to startup founders that may include workshops, conferences, and mentorships.Presently, there are seven Campus locations: Berlin, London, Madrid, Seoul, São Paulo, Tel Aviv, and Warsaw.
On March 15, 2016, Google announced the introduction of Google Analytics 360 Suite, "a set of integrated data and marketing analytics products, designed specifically for the needs of enterprise-class marketers" which can be integrated with BigQuery on the Google Cloud Platform. Among other things, the suite is designed to help "enterprise class marketers" "see the complete customer journey", generate "useful insights", and "deliver engaging experiences to the right people" Jack Marshall of The Wall Street Journal wrote that the suite competes with existing marketing cloud offerings by companies including Adobe, Oracle, Salesforce, and IBM.
Internet services
In February 2010, Google announced the Google Fiber project, with experimental plans to build an ultra-high-speed broadband network for 50,000 to 500,000 customers in one or more American cities. Following Google's corporate restructure to make Alphabet Inc. its parent company, Google Fiber was moved to Alphabet's Access division.
In April 2015, Google announced Project Fi, a mobile virtual network operator, that combines Wi-Fi and cellular networks from different telecommunication providers in an effort to enable seamless connectivity and fast Internet signal.
Financial services
As a more mature company, Google has made many moves into financial services.
In August 2023, it became the first major tech company to join the OpenWallet Foundation, launched earlier in the year, whose goal was creating open-source software for interoperable digital wallets.
Corporate affairs
Stock price performance and quarterly earnings
Google's initial public offering (IPO) took place on August 19, 2004. At IPO, the company offered 19,605,052 shares at a price of $85 per share. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion. The stock performed well after the IPO, with shares hitting $350 for the first time on October 31, 2007, primarily because of strong sales and earnings in the online advertising market. The surge in stock price was fueled mainly by individual investors, as opposed to large institutional investors and mutual funds. GOOGLE shares split into GOOGLE class C shares and GOOGLE class A shares. The company is listed on the NASDAQ stock exchange under the ticker symbols GOOGLE and GOOGLE on the Frankfurt Stock Exchange under the ticker symbol GGQ1. These ticker symbols now refer to Alphabet Inc., Google's holding company, since the fourth quarter of 2015.
In the third quarter of 2005, Google reported a 700% increase in profit, largely due to large companies shifting their advertising strategies from newspapers, magazines, and television to the Internet.
For the 2006 fiscal year, the company reported $10.492 billion in total advertising revenues and only $112 million in licensing and other revenues.
In 2011, 96% of Google's revenue was derived from its advertising programs.
Google generated $50 billion in annual revenue for the first time in 2012, generating $38 billion the previous year. In January 2013, then-CEO Larry Page commented, "We ended 2012 with a strong quarter ... Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half.
Google's consolidated revenue for the third quarter of 2013 was reported in mid-October 2013 as $14.89 billion, a 12 percent increase compared to the previous quarter. Google's Internet business was responsible for $10.8 billion of this total, with an increase in the number of users' clicks on advertisements. By January 2014, Google's market capitalization had grown to $397 billion.
Tax avoidance strategies
Further information: Corporation tax in the Republic of Ireland § Multinational tax schemes, and Google tax
Google uses various tax avoidance strategies. On the list of largest technology companies by revenue, it pays the lowest taxes to the countries of origin of its revenues. Google between 2007 and 2010 saved $3.1 billion in taxes by shuttling non-U.S. profits through Ireland and the Netherlands and then to Bermuda. Such techniques lower its non-U.S. tax rate to 2.3 per cent, while normally the corporate tax rate in, for instance, the UK is 28 per cent.[202] This reportedly sparked a French investigation into Google's transfer pricing practices in 2012..
In 2020, Google said it had overhauled its controversial global tax structure and consolidated all of its intellectual property holdings back to the US.
Google Vice-president Matt Brittin testified to the Public Accounts Committee of the UK House of Commons that his UK sales team made no sales and hence owed no sales taxes to the UK.
In January 2016, Google reached a settlement with the UK to pay £130m in back taxes plus higher taxes in future.
In 2017, Google channeled $22.7 billion from the Netherlands to Bermuda to reduce its tax bill.
In 2013, Google ranked 5th in lobbying spending, up from 213th in 2003. In 2012, the company ranked 2nd in campaign donations of technology and Internet sections..
Corporate identity
Google's logo from 2013 to 2015..
The name "Google" originated from a misspelling of "googol", which refers to the number represented by a 1 followed by one-hundred zeros. Page and Brin write in their original paper on PageRank: "We chose our system name, Google, because it is a common spelling of googol, or 10100[,] and fits well with our goal of building very large-scale search engines." 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.
Google's mission statement, from the outset, was "to organize the world's information and make it universally accessible and useful",and its unofficial slogan is "Don't be evil". In October 2015, a related motto was adopted in the Alphabet corporate code of conduct by the phrase: "Do the right thing". The original motto was retained in the code of conduct of Google, now a subsidiary of Alphabet.
The original Google logo was designed by Sergey Brin.
Since 1998, Google has been designing special, temporary alternate logos to place on their homepage intended to celebrate holidays, events, achievements and people. The first Google Doodle was in honor of the Burning Man Festival of 1998. The doodle was designed by Larry Page and Sergey Brin to notify users of their absence in case the servers crashed. Subsequent Google Doodles were designed by an outside contractor, until Larry and Sergey asked then-intern Dennis Hwang to design a logo for Bastille Day in 2000. From that point onward, Doodles have been organized and created by a team of employees termed "Doodlers".
Google has a tradition of creating April Fools' Day jokes. Its first on April 1, 2000, was Google MentalPlex which allegedly featured the use of mental power to search the web. In 2007, Google announced a free Internet service called TiSP, or Toilet Internet Service Provider, where one obtained a connection by flushing one end of a fiber-optic cable down their toilet.
Google's services contain easter eggs, such as the Swedish Chef's "Bork bork bork," Pig Latin, "Hacker" or leetspeak, Elmer Fudd, Pirate, and Klingon as language selections for its search engine.n When searching for the word "anagram," meaning a rearrangement of letters from one word to form other valid words, Google's suggestion feature displays "Did you mean: nag a ram?" Since 2019, Google runs free online courses to help engineers learn how to plan and author technical documentation better.
Workplace culture
Google employees marching in the Pride in London parade in 2016
On Fortune magazine's list of the best companies to work for, Google ranked first in 2007, 2008 and 2012, and fourth in 2009 and 2010. Google was also nominated in 2010 to be the world's most attractive employer to graduating students in the Universum Communications talent attraction index.
Google's corporate philosophy includes principles such as "you can make money without doing evil," "you can be serious without a suit," and "work should be challenging and the challenge should be fun."
As of September 30, 2020, Alphabet Inc. had 132,121 employees of which more than 100,000 worked for Google.
Google's 2020 diversity report states that 32 percent of its workforce are women and 68 percent are men, with the ethnicity of its workforce being predominantly white (51.7%) and Asian (41.9%).
Within tech roles, 23.6 percent were women; and 26.7 percent of leadership roles were held by women.
In addition to its 100,000+ full-time employees, Google used about 121,000 temporary workers and contractors, as of March 2019.
Google's employees are hired based on a hierarchical system. Employees are split into six hierarchies based on experience and can range "from entry-level data center workers at level one to managers and experienced engineers at level six. As a motivation technique, Google uses a policy known as Innovation Time Off, where Google engineers are encouraged to spend 20% of their work time on projects that interest them. Some of Google's services, such as Gmail, Google News, Orkut, and AdSense originated from these independent endeavors.
In a talk at Stanford University, Marissa Mayer, Google's vice-president of Search Products and User Experience until July 2012, showed that half of all new product launches in the second half of 2005 had originated from the Innovation Time Off.
In 2005, articles in The New York Times and other sources began suggesting that Google had lost its anti-corporate, no evil philosophy.
In an effort to maintain the company's unique culture, Google designated a Chief Culture Officer whose purpose was to develop and maintain the culture and work on ways to keep true to the core values that the company was founded on.
Google has also faced allegations of sexism and ageism from former employees.
In 2013, a class action against several Silicon Valley companies, including Google, was filed for alleged "no cold call" agreements which restrained the recruitment of high-tech employees.
In a civil lawsuit filed January 8, 2018, multiple employees and job applicants alleged Google discriminated against a class defined by their "conservative political views[,] male gender[,] and/or [...] Caucasian or Asian race".
On January 25, 2020, the formation of an international workers union of Google employees, Alpha Global, was announced.
The coalition is made up of "13 different unions representing workers in 10 countries, including the United States, United Kingdom, and Switzerland."
The group is affiliated with UNI Global Union, which represents nearly 20 million international workers from various unions and federations. The formation of the union is in response to persistent allegations of mistreatment of Google employees and a toxic workplace culture.
Google had previously been accused of surveillance and firing employees who were suspected of organizing a workers union.
In 2021 court documents revealed that between 2018 and 2020 Google ran an anti-union campaign called Project Vivian to "convince them (employees) that unions suck".
Office locations
Google's New York City office building houses its largest advertising sales team.
Google's Toronto office
Google's headquarters in Mountain View, California is referred to as "the Googleplex", a play on words on the number googolplex and the headquarters itself being a complex of buildings. Internationally, Google has over 78 offices in more than 50 countries.
In 2006, Google moved into about 300,000 square feet (27,900 m2) of office space at 111 Eighth Avenue in Manhattan, New York City. The office was designed and built specially for Google, and houses its largest advertising sales team.
In 2010, Google bought the building housing the headquarter, in a deal that valued the property at around $1.9 billion.
In March 2018, Google's parent company Alphabet bought the nearby Chelsea Market building for $2.4 billion. The sale is touted as one of the most expensive real estate transactions for a single building in the history of New York.
In November 2018, Google announced its plan to expand its New York City office to a capacity of 12,000 employees.
The same December, it was announced that a $1 billion, 1,700,000-square-foot (160,000 m2) headquarters for Google would be built in Manhattan's Hudson Square neighborhood.
Called Google Hudson Square, the new campus is projected to more than double the number of Google employees working in New York City.
By late 2006, Google established a new headquarters for its AdWords division in Ann Arbor, Michigan.
In November 2006, Google opened offices on Carnegie Mellon's campus in Pittsburgh, focusing on shopping-related advertisement coding and smartphone applications and programs.
Other office locations in the U.S. include Atlanta, Georgia; Austin, Texas; Boulder, Colorado; Cambridge, Massachusetts; San Francisco, California; Seattle, Washington; Kirkland, Washington; Birmingham, Michigan; Reston, Virginia, Washington, D.C. and Madison, Wisconsin.
Google'
s Dublin Ireland office, headquarters of Google Ads for Europe
It also has product research and development operations in cities around the world, namely Sydney (birthplace location of Google Maps) and London (part of Android development).
In November 2013, Google announced plans for a new London headquarter, a 1 million square foot office able to accommodate 4,500 employees. Recognized as one of the biggest ever commercial property acquisitions at the time of the deal's announcement in January,
Google submitted plans for the new headquarter to the Camden Council in June 2017.
In May 2015, Google announced its intention to create its own campus in Hyderabad, India. The new campus, reported to be the company's largest outside the United States, will accommodate 13,000 employees.
Google's Global Offices sum a total of 85 Locations worldwide, with 32 offices in North America, 3 of them in Canada and 29 in United States Territory, California being the state with the most Google's offices with 9 in total including the Googleplex. In the Latin America Region Google counts with 6 offices, in Europe 24 (3 of them in UK), the Asia Pacific region counts with 18 offices principally 4 in India and 3 in China, and the Africa Middle East region counts 5 offices.
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