Buy one startup per month
For almost the entire current year, Google kept itself on a starvation diet and refrained from shopping. But the crisis is slowly moving away, and recent purchases by On2 Technologies in August ($ 106.5 million) and reCAPTCHA last week show that the period of dietary abstinence has come to an end. The company goes on a hunt again, and it’s gotten a really big appetite. Google CEO Eric Schmidt said in an interview with Reuters yesterday that they are going to buy one startup every month.
In previous years, Google was quite active in shopping, although the number of purchases is less than that of other Internet giants eBay and Amazon. Here is a clickable map of all purchases in the history of the company, disaggregated by topic (legend is attached).
“Now it’s obvious that the worst is left behind,” Schmidt said. “We see clear improvements at Google, not only in the US but also abroad.”
The company is unlikely to be able to maintain the growth rate of 40% per year, since with revenues of $ 21.8 billion it has already grown to such a size that there is simply nowhere to grow. However, yesterday Google shares broke the $ 500 barrier and set a new annual record. As written on the chart, from November 21, 2008 to September 23, 2009, stocks rose 92.18%. Good multiplication of capital for those who decided to invest in a crisis.
By the way, now Eric Schmidt is going to the G20 summit in Pittsburgh, where he will address the presidents of the largest countries in the world. If we compare the turnover of Google with the annual GDP of different countries, then Google with $ 21.8 billion would be located at 89th place in the world, between Cyprus and Estonia. As you can see, catching the G-20 countries will take a long time, but the Internet giant is striving for this. Still, Cyprus and Estonia are not invited to the G20 summit, and Eric Schmidt is already there.
In previous years, Google was quite active in shopping, although the number of purchases is less than that of other Internet giants eBay and Amazon. Here is a clickable map of all purchases in the history of the company, disaggregated by topic (legend is attached).
“Now it’s obvious that the worst is left behind,” Schmidt said. “We see clear improvements at Google, not only in the US but also abroad.”
The company is unlikely to be able to maintain the growth rate of 40% per year, since with revenues of $ 21.8 billion it has already grown to such a size that there is simply nowhere to grow. However, yesterday Google shares broke the $ 500 barrier and set a new annual record. As written on the chart, from November 21, 2008 to September 23, 2009, stocks rose 92.18%. Good multiplication of capital for those who decided to invest in a crisis.
By the way, now Eric Schmidt is going to the G20 summit in Pittsburgh, where he will address the presidents of the largest countries in the world. If we compare the turnover of Google with the annual GDP of different countries, then Google with $ 21.8 billion would be located at 89th place in the world, between Cyprus and Estonia. As you can see, catching the G-20 countries will take a long time, but the Internet giant is striving for this. Still, Cyprus and Estonia are not invited to the G20 summit, and Eric Schmidt is already there.