Google'S Story Of Becoming A Tech Giant

Google

The Seekers

20 days ago|6 min read

1

How many times do we say, Google it when we don’t find the answers, we are looking for? People believe that if something doesn’t exist on Google, it doesn’t exist at all. Today, almost everyone uses Google from its search engine and YouTube to the Android smartphones that use them. Apart from being a massively successful company, Google has its simple style of keeping itself apart from the crowd. Google has always done things a little bit differently and that works to keep things fresh, immersive, and consistently progressive. It has collected, digitized, arranged, and presented more information than any company in history. Today it has a market value of 739 billion US dollars. Google’s revenue amounted to 109.65 billion US dollars in 2017, which is more than the combined revenue of Disney and Facebook according to the Fortune 500 list. Let’s dive deeper into how big it is and how it all began. The story of Google begins in 1995 at Stanford, University, Larry Page and Sergey Brin met at Stanford.

1.     Google's Story

When Brin was asked to show Page who was a new student around the school by some accounts, they disagreed about nearly everything during that first meeting, but by the following year, they struck a partnership, working from their dorm rooms. They built a search engine that used the PageRank algorithm to determine the importance of individual pages on the World Wide Web. Their mission was to organize the world’s information and make it universally accessible and useful. They called this search engine. Larry and Sergey later decided the name of their search engine needed to change and decided upon Google, which is inspired by the term Googol, which means one with a hundred zeros following it.

In August 1998, Sun Microsystems, co-founder Andy Bechtolsheim, wrote, Larry and Sergey a check for a hundred thousand, and Google Inc was officially born, with this investment, the newly incorporated team made the upgrade from the dorms to their first office, a garage in suburban Menlo Park, California owned by Susan Wojcicki, who was the sixteenth employee of Google and now CEO of YouTube. The picture shown here is a capture of the site from the Internet Archive of what Google looked like in 1998. In February 1999, Google got its first real office in Palo Alto California. Later in the year, they moved to Mountain View, California. In July 2001, Google Images launched with 250 million searchable images. after that, in August 2001 Eric Schmidt becomes CEO, Page became president of products and Brin became president of Technology. The early days of Google were not super glamorous Schmidt told LinkedIn, co-founder Reed Hoffman, during an interview that the former CEO's first office at the company was an 8 by 12-foot space that he shared with the company's then VP of engineering, Amit Singhal. An interesting thing to know is that since the founder's Larry and Sergey weren’t looking to start their own business, they tried to sell their search engine system to Yahoo. Yahoo originally said no, but in 2002 offered to buy Google for 3 billion. But this time Google said no.

2.     Google Started acquiring and Buiding New Products

Later in the year, 2003 Google acquired Pyra Labs creators of blogger. After that, in March 2004, Google moved its headquarters to Googleplex Mountain View, California. in the same year, Gmail launched on April Fool’s Day, despite it being a real email service. in the years that followed, the company, expanded, rapidly hiring engineers, building a sales team, and much more. The spirit of doing things differently made the move. We encourage our employees to spend 20 % of their time working on whatever they’re interested in not what their boss wants them to work on. Out of that, most of our great new products have come. On August 19, 2004, Google conducted an initial public offering on NASDAQ the offering raised about 1.2 billion for the company. When it went public Google was valued as much as General Motors. Later in February 2005, Google Maps was launched, in the same year, they also released Google Earth allowing users to view satellite imagery of any place in the world. In October 2006, Google acquired YouTube for 1.65 billion and launched Google Docs- an online application for creating documents. After that, in November 2007, Google launched Android OS an open-source mobile device Platform. Later, in September 2008, the g1, the first Android phone, was unveiled by t-mobile ( HTC ) in the same year September, second, Google Chrome was launched.

3.     Restructuring of Google as Alphabet Inc.

After that on April, 4th 2011 Page resumed the CEO title after ten years away, while Schmidt became executive chairman. On April 4th, 2012 Google unveils Project Glass, an initiative to develop a wearable device, the device later debuted, Google glass. On August 10th, 2015 Google announces a corporate restructuring forming an umbrella company called Alphabet and naming Sundar Pichai as the new CEO of the core business of Google. Co-founders, Page, and Brin will run the Alphabet with Page as CEO and Brin as president. On October 2nd, 2015, the company announces that its restructuring will happen. At the end of the day, the Alphabet will become the parent company of separate smaller companies, one of which is Google. today, with more than 85,000 plus employees in 50 different countries, Google currently owns more than 250 plus companies, which include nest, labs, deep mind, AdMob, and Motorola.

4.     Google Earned Revenues from Different Sources

An interesting thing to know is Google’s acquiring on an average one company, every week. The relentless search for better answers continues to be at the core of everything Google does. In 2017, Google earned one of the highest tech company revenues with roughly 110 billion US dollars.

The advertising revenue was ninety-five points: four billion dollars, which is more than the combined prime-time advertising revenues of Fox ABC NBC, and CBS. As of May 2018 search market leader, Google had a market value of 739 billion US dollars. Despite the vast scope of Google products, the company still collects the majority of its revenue through online advertising on Google Sites and Google Network websites. Google is the undisputed champion when it comes to discovering risks associated with its core business and neutralizing them, either by acquisition or their development, or both. For example, different browsers could block you from searching on Google com or make it more difficult to overcome that they created their web browser and made it fast, reliable, and user-friendly. Their browser now accounts for 60 to 70 % market share in 2017. A second example: Google realized that smartphones are changing our lives, so they acquired Android INX for 50 million US dollars early on in 2005. A third example is AI and the smart home is another rising trend with the potential to change our lives forever, so they created Google assistant and the smart home concept. They made Google assistant available for everyone to implement. It starts with phones and TVs and will continue to roll out to your car, fridge, oven, toaster, light bulbs, speakers, and whatever you can name that’s technologically related. as such a powerful and ubiquitous company.

5.     Google Became World’s Most Powerful Company

Google’s influence cannot be denied, through web searches and the usage of its products. Google can track the global arms trade, the spread of disease censorship, and local crises. Successfully. A study performed shows that political candidates, ranking, and search results could affect undecided voters' opinions, with such great power supposedly comes great responsibility. If information is power in the digital age, then Google has a fair claim to being the most powerful company in the world.

 

1

The Seekers

Hi we are The Seekers, we are group of 3 people who are on mission to explore the world. We will share our findings over here. You can find random informations about random topics but we promise it will be informative. Give us a follow to support our work.

Comments

more

Read More