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.
With a brand value of $140 billion, It ranks second among the most valuable firms. It is less valuable than Apple, which has a brand worth of roughly $200 billion. Larry Page and Sergey Brin, the company’s founders, are among the world’s top 20 wealthiest persons. Larry is worth $55 billion dollars, whereas Sergey is worth $53 billion dollars.
Perhaps you’ve heard of Google but don’t know when it was created or where it’s headquartered. This page will go through the company’s history, net worth, and other information you might be interested in.
So, how well-versed in Google are you? If not much, we’ve assembled everything you need to know about Its net worth, including a wiki and detailed information. Thus, if you’re ready, here’s all we know about Google so far.
| 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 2021: | $420 Billion |
Beginning
It began as a research project by Larry Page and Sergey Brin in 1996. Both of them were PhD. Students from Stanford University but involved a third person, Scott Hassan, who was the lead programmer and wrote much of the initial Google search engine. Unfortunately, he left before Google finally became a company to pursue a career in Robotics, but h later founded Willow Garage in 2006.
Search engines ranked results by counting how many times search terms appeared on the page. This made them look for a better way to analyze the relationship between various websites and called it PageRank. Page and Brin changed the name of the new search engine to BackRub as the system could check backlinks.
After a short while, they changed the search engine to Google, but the word was first misspelled as “googol.” www.google.com, as the domain name was registered on 15 September 1997. On 4 September 1998, Google Company was incorporated. It was located in the garage of their friend, Susan Wojcicki. The first employee to be hired was Craig Silverstein, a fellow PhD. Student at Stanford.
The initial funding of Google was $100,000 by Andy Bechtolsheim, a co-founder of Sun Microsystems, and the money was given before its incorporation. It received money from three other investors; Jeff Bezos, Amazon.com founder, David Cheriton, Stanford University computer science professor, and Ram Shriram, an entrepreneur.
All this added up reached $1 million, and they were able to open their original shop at Menlo Park, California. Google continued to receive several other investments, and a new one of $25 million was invested by 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.
Its 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, It 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. Still, in 2020, Google experienced threw outages that disrupted its services; one was affecting Google Drive in August, another one in November affecting YouTube, and another one in December affecting the whole Google applications. The good thing is that all of them were resolved within hours.
Australian government suggested in January 2021 that Google and Facebook should pay media companies for the right to use their content. Google threatened to close access to its search engine in Australia as a response.
Net Worth 2022/2023
Its net worth is expected to be over $420 billion in 2021. Alphabet, the parent company of Google, has a net value of $900 billion, making it one of the world’s most valuable corporations. A daily estimate of $50 million is made by Google. Advertising and selling internet products and services are Google’s primary sources of revenue.
Given its prior and current achievements, Google’s net worth will undoubtedly increase in the next years.
It is one of the most popular websites on the internet. It is one of America’s most valued multinational corporations, providing its consumers with a wide range of internet-based services and goods. Despite numerous accusations, such as tax evasion and privacy concerns, the corporation has continued to develop.
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