Facts of Google
| Legal Name: | Google LLC |
| Headquarters Regions: | Mountain View, California, United States |
| Founded Date: | 4 September 1998 |
| Founders: | Larry Page, Sergey Brin |
| Number of Employees: | 135000+ |
| Company Type: | For-Profit |
| Area served: | United States of America and World |
| Products of Company: | multinational technology company that specializes in Internet-related services and products |
| Net Worth in 2022: | $420 Billion |
Google LLC is the corporate name for the international technology corporation Google. Google specializes on Internet-related services such as online advertising, computer hardware, cloud computing, search engines, and artificial intelligence computer software. Facebook, Apple, Microsoft, and Amazon are among the top five technology businesses in the United States.
What is the Net worth of Google?
Google’s predicted net worth in 2022 is estimated to be around $420 billion dollars. As of 2021, Alphabet Inc, the parent company of Google, is estimated to be worth $1 trillion. This net worth was calculated when the corporation increased its value by $8 billion in 2021.
Inception
In 1996, Larry Page and Sergey Brin started Google as a research project. They were both PhDs. Stanford University students were involved, but there was a third individual, Scott Hassan, who was the principal programmer and created much of the first Google search engine.
He quit Google before it became a firm to pursue a career in robotics, although he went on to create Willow Garage in 2006. The number of times search phrases occurred on a website was used by search engines to rank results. PageRank was created as a result of their search for a better approach to examine the relationship between distinct websites. Because the system could verify backlinks, Page and Brin changed the name of the new search engine to BackRub.
They changed the search engine to Google after a short time, but the word was misspelled at first as “googol.” The domain name www.google.com was registered on September 15, 1997. Google Company was founded on September 4, 1998. Susan Wojcicki, a friend of theirs, had it in her garage.
Craig Silverstein, a fellow Stanford PhD student, was the first employee hired. Andy Bechtolsheim, a co-founder of Sun Microsystems, provided the initial investment for Google, which was granted before the company was incorporated. It also received funding from three other investors: Amazon.com founder Jeff Bezos, Stanford University computer science professor David Cheriton, and entrepreneur Ram Shriram. All of this totaled up to $1 million, allowing them to open their first shop in Menlo Park, California. Google received numerous more investments, including a fresh one of $25 million from Venture Capital firms.
Evolution
Following its establishment, the company saw fast expansion, and its headquarters were relocated to Palo Alto, California. By 2003, Google had outgrown two other locations and had leased an office from Silicon Complex, renaming the complex Googleplex. In 2006, the business paid $319 million for the land from SGI, and at the time, Google was a household name.
Eric Schmidt was hired as the chairman and CEO of Google by a group of Google investors in 2001. Google’s first public offering (IPO) took place on August 19, 2004. Page, Brin, and Schmidt met and pledged to collaborate for the next two decades, until 2024.
In October 2006, Google revealed that it had paid $1.65 billion for YouTube, a video-sharing website. On August 15, 2011, Google announced that it would buy Motorola Mobility for $12.5 million, making it the company’s largest acquisition to date. This was done to safeguard Google against patent issues with other businesses, such as Apple and Microsoft, while yet allowing Android to be freely distributed.
In 2012, Google earned $50 billion in yearly revenue for the first time, up from $38 billion the year before. In June 2013, Google paid $966 million for Waze. By 2015, Google had agreed to reorganize its interests into the Alphabet conglomerate, with Google serving as Alphabet’s principal component. Following the reorganization, Page transitioned from Google CEO to Alphabet CEO, with Sundar Pichai taking over as Google CEO.
In March 2019, Google entered the video game market with the launch of Stadia, a cloud gaming platform. Due to the COVID-19 Pandemic, Google announced numerous cost-cutting measures in April 2020. Despite this, Google faced a series of disruptions in 2020, with one hitting Google Drive in August, another affecting YouTube in November, and yet another affecting all Google applications in December.
The good news is that they were all resolved in a matter of hours. In January 2021, the Australian government proposed that Google and Facebook pay media firms for the ability to use their content. As a result, Google has threatened to block access to its search engine in Australia.
Achievements & Awards
The Google Corporation is one of the most successful businesses in the planet. It has a market share of more than 75% of the search engine market. After Apple, Google has been awarded the world’s second most valuable brand. It is also one of the world’s main four technology giants.