Friday, 3 February 2006

The rise & stumble of Google

This is an interesting article: Gunning for Google (Forbes.com); it has a pretty well-balanced view, which you'd expect from Forbes.com, although the reserach from a similar Economist article was more thorough. For instance, The Economist noted that Google's foray into China was a sensible capitulation (what would have happened to their share price if they hadn't?) and that their non-censored chinese site, outside China, would still run. So they weren't taking anything away from their chinese audience, they were simply adding a restricted version. Better than nothing at all. Also, those accusing Google of selling their soul chose to overlook Google's resistance to the DoJ demanding their data.
One revealing quote from the article (Forbes, not Economist):
"Google was headed for a fall, if only because, damn it, we’re all so jealous. It went public at $85 in August 2004. At over $400 lately, it has created four billionaires, and according to the company, one in five of its employees are now multimillionaires. (The investor relations chief, who has got to be younger than I am, is said to have recently retired.) Sergey Brin and Larry Page, each now barely into their 30s, founded Google in 1999 after landing a $100,000 check at lunch from Sun Microsystems (nasdaq: SUNW - news - people ) co-founder Andrew Bechtolsheim. Now Brin and Page are worth $16 billion apiece. Isn’t that reason enough to hate them? "
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