Google was officially launched in 1998 by Larry Page and Sergey Brin to market Google Search, which has become the most used web-based search engine. Larry Page and Sergey Brin, students at Stanford University in California, developed a search algorithm at first known as "BackRub" in 1996, with the help of Scott Hassan and Alan Steremberg. The search engine soon proved successful and the expanding company moved several times, finally settling at Mountain View in 2003. This marked a phase of rapid growth, with the company making its initial public offering in 2004 and quickly becoming one of the world's largest media companies. The company launched Google News in 2002, Gmail in 2004, Google Maps in 2005, Google Chrome in 2008, and the social network known as Google+ in 2011 (which was shut down in April 2019), in addition to many other products. In 2015, Google became the main subsidiary of the holding company Alphabet Inc.
Although Google was already deriving the vast majority of its income from advertising at the time of its 2004 IPO,[53] it did not use any HTTP cookie-based web tracking until during the 2007-2008 financial crisis on Google.[54] By 2006, Google's Ad revenue was already facing signs of decline, as "a growing number of advertisers were refusing to buy display ads from Google."[54] The financial crisis pushed Google into a hiring freeze, and potentially to the edge of bankruptcy if ad revenue would keep declining. With a market cap of more than $100 billion, if Google was to go bankrupt, it would have serious implications on a stock market that was already seriously hit by the crisis (see United States bear market of 2007–2009).[54]
In
2015, Google reorganized its interests as a holding company, Alphabet Inc., with Google as its leading subsidiary. Google continued to
serve as the umbrella for Alphabet's Internet interests.[59][60][61] On September 1, 2017, Google Inc. announced its plans
of restructuring as a limited
liability company, Google LLC, as
a wholly owned subsidiary of XXVI Holdings,
Inc., which is formed as a subsidiary of Alphabet
Inc. to hold the equity of its other subsidiaries, including Google LLC and
other bets.[62]
https://en.wikipedia.org/wiki/History_of_Google
Google's Revenue Streams
Google
Search & Other (56.93%)
YouTube
Ads (10.26%)
Google
Network (10.20%)
Google
Other (11.26%)
Google Cloud (10.75%)
Alphabet
Revenue
2023 307.394B
2022 282.836B
2021 257.637B
2020 182.53B
2019 161.68B
2018 136.82B
2017 110.86B
2016 90.27B
2015 74.99B
2014 66.00B
2013 55.52B
https://www.macrotrends.net/stocks/charts/GOOG/alphabet/revenue
Comments
In 2011, I established this blog on Google as the Dunwoody GA Tea Party blog. It was free. Rural Tea Parties have monthly meetings, but Tea Parties in large, traffic ridden cities do not.
I also use google search to research data on the US and global economy, history and politics. I didn’t allow ads on this blog because they block content. I write this blog because the trend data is not offered in local newspapers and is not offered on local TV news. Trend data is covered on Fox News, but it appears and disappears too rapidly to copy and takes too long. Government data is often “revised”.
Google has effectively replaced libraries, but finding data by year requires some effort. Many websites contain ads and some require “joining”. I only use Nominal GDP and prefer to post annual data. This data picking is necessary to track the data I need to make accurate conclusions.
We never used Twitter (X), Instagram, TicTok or any other social media. We don’t use I-Phones. We have a land line and a message recorder. We use our land line to stay in touch with family.
Google isn’t without its faults. Their algorithm continues to bury my blog and finding current trend data continues to be a challenge. I had to use Edge to email attach a document and needed Geek Squad to disconnect from Edge and return to Google.
Norb Leahy, Dunwoody GA Tea Party Leader
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