Most of the company’s revenue is generated by advertising. Three Google products, AdWords, AdSense and Checkout, are the source of about 90% of the company’s revenue. In the most recent quarter, Google posted revenue of about $16 billion. That’s a lot of ads.
Many in Silicon Valley were bearish about Google’s IPO. “I’m not buying,” said Apple Inc. co-founder Stephen Wozniakahead of Google’s offering. The IPO was held up by a string of technical snags, and its expected offering price of between $018 and $135 was, at the time, astronomical by tech company standards, alienating investors who feared a deceleration in the company’s rapid revenue growth.
Google co-founders Sergey Brin and Larry Page still control the company.Google split its class A shares on April 4, 2014, granting investors one Class C share for each Class A share they previously owned. This halved the company’s $1,000-plus share price, making them more accessible for small-time investors. But the Class C shares came with no voting rights, allowing Brin and Page to retain control of Google despite owning a shrinking percentage of shares.
Google’s public offering made instant millionaires out of 1,000 employees. No one keeps track of all the Google millionaires out there, but when the offering happened it was estimated that 1,000 employees became millionaires, at least on paper. Brin and Page are both billionaires many times over.
Google is planning to bring Internet access to the unwired parts of the world.The company plans to invest more than $1 billion in 180 small, high-capacity satellites that will orbit the Earth at lower altitudes than traditional satellites, extending Internet access to all.
Google’s first “office” was in a garage. Like Hewlett-Packard and Apple Inc. before it, Google began life in Susan Wojcicki’s garage on Santa Margarita Ave. in Menlo Park, Calif. Wojcicki is currently the head of YouTube. The company outgrew the office in February 1999, when it moved into its first legitimate office at 165 University Avenue in Palo Alto, Calif.
Carl Page, father of Larry Page, was a computer-science pioneer. Page Sr. was a pioneering researcher in the fields of computer science and artificial intelligence. He received his PhD in the nascent field of computer science in 1965, then went on to develop a graduate curriculum for students of computer science at Michigan State University, where he was also one of the first faculty members of the department of computer science.
Google indexes more than 60 trillion Web pages. And the number is growing every day. 60 trillion seconds is 1,892,760 years. That’s an ineffably huge number.
Curious about what Google looked like in the ’90s? You can Google “Google in 1998” for a look at the first iteration of the search engine. See it for yourself here.
Google’s first company dog was named Yoshka. He arrived at the company in 1999, accompanied by Urs Holzle, who is currently Google’s vice president of technical infrastructure. His first job was waiting in the company’s courtyard for the UPS man, but later moved to a consulting role. He reportedly conducted many job interviews with humans at Google, but none with dogs.
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