Google Economic Importance

1112 Words5 Pages
Google Inc. (NASDAQ: GOOG, NASDAQ: GOOGL), is an international information technology pioneer that specializes in what way individuals access and interrelate with information over a wide variety of platforms. Google has changed a lot since it first started. In 1996 Google's creators, Larry Page and Sergey Brin made BackRub, the first version of Google. It was online for a year before they renamed it Google. The company continued to change after that by releasing Google Toolbar and Google AdWords in 2000, and in 2001 Google Groups. In 2001 the image search was released, and in 2002 Google News. In 2003 Google bought Pyra, the creators of Blogger, and released Google Book Search. Then, in 2005 Google Maps, Google Earth, Gmail and Google Talk were released. In 2006 Google acquired YouTube and SketchUp, and released Picasa, Google Docs, Google Financial, Google Calendar, and Google Trends. In 2007 the sky was featured in Google Earth, and Street View was introduced for a few cities in the U .S. Google Chrome was released in 2008 and 10 more languages were added to Google Translate, making the total of supported languages 23. The ocean began being shown in Google Earth in 2009, and the Nexus One smartphone was also released. Today, Google has many more projects than those listed and seems to want to expand into almost anything it can get its hands into. Google conducts business in over 50 countries with exclusive domain names for each country. The fastest growing segment of the advertising market is internet advertising but still only represents 8% of total U.S. advertising dollars. This advocates substantial opportunity for further development. To take advantage of these possible endeavors, Google has reinvested the profits from its ... ... middle of paper ... ...tock that has by most standards already peaked, investors have to wonder to what extent Google's new products, Google Glass and Google Fiber, the company's 100GB fiber-optic line -- can change current sentiment. Google stock is a buy for equity analysts. Most if not all stock websites list Google as a buy, outperform, or hold, verses underperform, and sold. Google’s stock has outperformed the stock market price for five years running. It added 5% year to date while the SPDR S&P 500 ETF (SPY), idled flat, according to Morningstar. The search-engine giant rose in stock price 43% in the past 12 months. It has returned an average of 27% annualized over the past three years and 29% on average over the past five years. By contrast, the SPDR S&P 500 rose 20% in the past year and added an average of 15% and 22% annualized over the past three and five years, respectively.
Open Document