The first funding for Google as a company was secured in the form of a USD100,000 contribution from Andy Bechtolsheim, co-founder of Sun Microsystems, given to a corporation which did not yet exist.[24] Around six months later, a much larger round of funding was
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Google's initial public offering took place on August 19, 2004. 19,605,052 shares were offered at a price of $85 per share.[25] Of that, 14,142,135 (another mathematical reference as ?2 ? 1.4142135) were floated by Google and 5,462,917 by selling stockholders.
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raised $1.67 billion, and gave Google a market capitalization of more than $23 billion.[26] The vast majority of Google's 271 million shares remained under Google's control. Many of Google's employees became instant paper millionaires. Yahoo!, a competitor of Google,
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Google's post-IPO stock performance has been very good as well, with shares hitting $700 for the first time on October 31, 2007[28], due to strong sales and earnings in the advertising market, as well as the release of new features such as the desktop search function and
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While the company's primary business interest is in the web content arena, Google has begun experimenting with other markets, such as radio and print publications.
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provides an automated system that allows companies to advertise on the radio.[30] This will allow Google to combine two niche advertising media-the Internet and radio-with Google's ability to laser-focus on the tastes of consumers. Google has also begun an experiment in
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Google was added to the S&P 500 index on March 30, 2006. It replaced Burlington Resources, a major oil producer based in Houston which was acquired by ConocoPhillips.
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Since 2001, Google has acquired several small start-up companies, often consisting of innovative teams and products. One of the earlier companies that Google bought was Pyra Labs.
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This acquisition led to many premium features becoming free. Pyra Labs was originally formed by Evan Williams, yet he left Google in 2004. In early 2006, Google acquired Upstartle, a company responsible for the online word processor, Writely. The technology in this product was used by Google to eventually create Google Docs & Spreadsheets.
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In February 2006, software company Adaptive Path sold Measure Map, a weblog statistics application, to Google. Registration to the service has since been temporarily disabled. The last update regarding the future of Measure Map was made on April 6, 2006 and outlined many of the service's known issues.
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Google is well-known for its web search service, which is a major factor of the company's success. As of August 2007, Google is the most used search engine on the web with a 53.6% market share, ahead of Yahoo! (19.9%) and Live Search (12.9%).[47] Google indexes billions of Web pages, so that users can search for the information they desire, through the use of keywords and operators. Google has also employed the Web Search technology into other search services, including Image Search, Google News, the price comparison site Google Product Search, the interactive Usenet archive Google Groups, Google Maps and more.
In 2004, Google launched its own free web-based email service, known as Gmail.[48] Gmail features spam-filtering technology and the capability to use Google technology to search email. The service generates revenue by displaying advertisements from the AdWords service that are tailored to the content of the email messages displayed on screen.
In early 2006, the company launched Google Video, which not only allows users to search and view freely available videos but also offers users and media publishers the ability to publish their content, including television shows on CBS, NBA basketball games, and music videos.[49] In August 2007, Google announced that it would shut down its video rental and sale program and offer refunds and Google Checkout credits to consumers who had purchased videos to own.
In 2007, some reports surfaced that Google was planning the release of its own mobile phone, possibly a competitor to Apple's iPhone.[53][54][55] The project, called Android provides a standard development kit that will allow any "Android" phone to run software developed for the Android SDK, no matter the phone manufacturer. In October 2007, Google SMS service was launched in India allowing users to get business listings, movie showtimes and information by sending an SMS.
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