Google is an American company that invests in Internet search and advertising. It displays and develops a lot of Internet-based services and products. They yield an income basically from advertising through its AdWords program.
Google was founded by Larry Page and Sergey Brin when they were studying in Stanford University as PhD candidates. It was in September 4, 1998 when Google was first incorporated as a privately owned company. Its first IPO was on August 19, 2004.
The company’s aim was “to organize the world’s information and make it universally accessible and useful”, and their unofficial slogan was “Don’t be evil” which was started by Google engineer Paul Buchheit.
Google operates more than one million servers in data centers around the world. The corporation’s fast development has resulted to an array of products and services. The company provides internet-based software like Gmail, Orkut and, Google Buzz. They also offer other desktop applications like Google Chrome, Picasa and, Google Talk.
Moreover, Google begins the development of the Android mobile operating system. According to Alexa, Google.com site has the most number of traffic everyday. This holds true with other international Google sites and other Google-owned sites like YouTube, Orkut and Blogger.
Google was established 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 duo started an idea of a technology that reviewed the relationships between websites. They called this technology as PageRank, wherein a website’s importance was determined by the number of relevant pages that linked back to the original site.
Page and Brin formerly named their new search engine “BackRub” since it checked backlinks to examine the relevance and importance of the site. Later, they changed the name to Google, from the word “googol” which means a number one followed by one hundred zeros. The choice of this word represents the mission of the company to give vast quantities of information to people. It was on September 15, 1997, google.cim went live.
The initial funding for Google was a US$100,000 contribution from Andy Bechtolsheim in August 1998, the co-founder of Sun Microsystems. Google’s initial IPO was on August 19, 2004. They offered 19,605,052 shares at $85 per share. The shares were sold in a unique online auction format. The sale of $1.67 billion gave Google a capital of more than $23 billion. Despite that, most of the 271 million shares remained under the control of Google and most of its workers.