April 15, 2014
Google Buying Drone Maker Titan AerospaceGoogle has acquired Titan Aerospace, a maker of solar-powered drones based in New Mexico. The Wall Street Journal first reported about the acquisition and terms of the deal weren't disclosed by Google. Facebook had also looked at acquiring the company but instead purchased Ascenta, a British-based drone maker, for $20 million in March.
Google said Titan would work closely with its Project Loon venture, which is building large, high-altitude balloons that send Internet signals to remote areas of the world that are currently not online.
Titan Aerospace posted the following message on their website:
At Titan Aerospace, we're passionate believers in the potential for technology (and in particular, atmospheric satellites) to improve people's lives. It's still early days for the technology we're developing, and there are a lot of ways that we think we could help people, whether it's providing internet connections in remote areas or helping monitor environmental damage like oil spills and deforestation. That's why we couldn't be more excited to learn from and work with our new colleagues as we continue our research, testing and design work as part of the Google family.
April 8, 2014
Google to License Room 77 Booking SoftwareGoogle is licensing hotel booking software from Room 77 to increase hotel bookings from its own search engine according to Bloomberg.
Room 77 co-founder Calvin Yang and many of its engineers will be joining Google. Room 77 helps users search multiple travel sites to find the best deal for hotels and Google is hoping to add this technology to make it easier for people to book rooms via smartphones.
Room 77 is based in Mountain View, only a few miles from Google's headquarters. The company has raised over $43 million in venture capital since it was founded in 2009.
Terms of the deal weren't disclosed but Bloomberg reports Room 77 will be returning tens of millions of dollars in excess cash to investors.
March 20, 2014
Google Extends Android to WatchesGoogle has introduced Android Wear, a project that extends Android to wearables. And the company is starting with the most familiar wearablewatches. Going well beyond the mere act of just telling you the time, a range of new devices along with an expansive catalogue of apps will give you:
Google says it is working with several consumer electronics manufacturers, including Asus, HTC, LG, Motorola and Samsung; chip makers Broadcom, Imagination, Intel, Mediatek and Qualcomm; and fashion brands like the Fossil Group to develop watches powered by Android Wear later this year.
March 4, 2014
Google Donates $6.8 Million for Kids' Bus PassesGoogle announced a $6.8 million gift to the city of San Francisco to fund an additional two years of Free Muni for Low Income Youth. The popular pilot program is currently funded by the Metropolitan Transportation Commission through June 2014 and provides monthly free muni passes to more than 31,000 low-income San Francisco youth ages 5 to 17. The $6.8 million gift is one of the largest private contributions towards direct City services in San Francisco history.
"Continuing to provide free Muni for thousands of young people from lower-income households will help make our City more affordable for working families," said SF Mayor Edwin Lee. "With this unprecedented gift from Google, we can keep this successful pilot program running for at least two more years at no cost to taxpayers or Muni riders and free up critical funds for other vital Muni maintenance and services. Google is demonstrating with real action and real resources that they are a true partner in addressing our City's affordability crisis for lower and middle-income families. I want to thank Google for this enormous gift to the SFMTA, and I look forward to continuing to work with this great San Francisco employer towards improving our City for everyone."
Preliminary data shows that Free Muni for Low Income Youth has had a positive impact on San Francisco's transportation network. Clipper card data shows 266,000 more rides by youth Muni riders in May 2013 than in May 2012. Approximately 45 percent of Free Muni for Low Income Youth participants plan to ride public transportation as an adult, while 70 percent would recommend Muni to their friends, according to the San Francisco Unified School District Student Survey results."Well over half of our 56,000 public school students come from households where their families struggle to make ends meet, so having free access to Muni removes a barrier to their educational opportunities," said SFUSD Superintendent Richard A. Carranza. "Keeping Muni free for low-income youth is a great way for Google to support our children and their families."
February 21, 2014
Google Launches New Investment FundGoogle announced it has launched a new investment fund called Google Capital, a new growth equity fund backed by Google and led by partners David Lawee, Scott Tierney and Gene Frantz.
The company already has a fund called Google Ventures that focuses mainly on early-stage investments but Google Capital is looking to invest in companies solely as they hit their growth phase. That means finding companies that have already built a solid foundation and are really ready to expand their business in big ways.
Google Capital investments to date include SurveyMonkey, Lending Club and Renaissance Learning.
Renaissance Learning is a Wisconsin-based assessment and learning analytics company that has reportedly received $40 million from Google Capital this year.
February 14, 2014
Google to Take Over Moffett FieldThe U.S. General Services Administration (GSA) and NASA have selected Planetary Ventures LLC, a Google subsidiary, as the preferred lessee to rehabilitate historic Hangar One and to manage Moffett Federal Airfield, currently managed by NASA's Ames Research Center. The lease will put Hangar One to new use and eliminate NASA's management costs of the airfield.
As a tenant to NASA, Planetary Ventures will be required to comply with all applicable laws, regulations and policies, including those on topics of historic preservation, environmental compliance, security, health and safety, and airfield operations to support ongoing missions and other government objectives. Planetary Ventures' lease proposal includes a number of key benefits for the local community.
The proposal commits to:
-- Re-skin and protect Hangar One
Moffett Field is just a few miles from Google's headquarters and will reportedly be used for Google's robotic and aerospace research projects.
February 4, 2014
Google to Split Shares 2-for-1Google Inc. announced that its Board of Directors has approved a distribution of shares of the Class C capital stock as a dividend to stockholders with a dividend record date of March 27, 2014 and a dividend payment date of April 2, 2014.
The company also reported consolidated revenues of $16.86 billion for the quarter ended December 31, 2013, an increase of 17% compared to the fourth quarter of 2012. GAAP net income, including net loss from discontinued operations, in the fourth quarter of 2013 was $3.38 billion, compared to $2.89 billion in the fourth quarter of 2012.
Google-owned sites generated segment revenues of $10.55 billion, or 67% of total Google segment revenues, in the fourth quarter of 2013. This represents a 22% increase over fourth quarter 2012 Google sites segment revenues of $8.64 billion.
Google's partner sites generated segment revenues of $3.52 billion, or 23% of total Google segment revenues, in the fourth quarter of 2013. This represents a 3% increase over fourth quarter 2012 Google network segment revenues of $3.44 billion.
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of its Network members, increased approximately 31% over the fourth quarter of 2012 and increased approximately 13% over the third quarter of 2013. Average cost-per-click, which includes clicks related to ads served on Google sites and Network members, decreased approximately 11% over the fourth quarter of 2012 and decreased approximately 2% over the third quarter of 2013.
As of December 31, 2013, Google reported cash, cash equivalents, and marketable securities of $58.72 billion.
The company said it had 47,756 full-time employees (43,862 in Google and 3,894 in Motorola Mobile) as of December 31, 2013, compared to 46,421 full-time employees (42,162 in Google and 4,259 in Motorola Mobile) as of September 30, 2013.
January 31, 2014
Google Sells Motorola to Lenovo for $2.91 BillionChinese PC maker Lenovo and Google have entered into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business. With a strong PC business and a fast-growing smartphone business, this agreement will significantly strengthen Lenovo's position in the smartphone market. In addition, Lenovo will gain a strong market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its strong, fast-growing smartphone business in emerging markets around the world.
The purchase price is approximately $2.91 billion, including $1.41 billion paid at close, comprised of $660 million in cash and $750 million in Lenovo ordinary shares (subject to a share cap/floor). The remaining $1.5 billion will be paid in the form of a three-year promissory note. Google originally bought Motorola Mobility in 2011 for $12.5 billion.
Lenovo, which in 2005 acquired IBM's PC business and its legendary PC brand, will now acquire world-renowned Motorola Mobility, including the MOTOROLA brand and Motorola Mobility's portfolio of innovative smartphones like the Moto X and Moto G and the DROID Ultra series. In addition to current products, Lenovo will take ownership of the future Motorola Mobility product roadmap.
Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.
January 27, 2014
Google, Samsung Sign Patent AgreementSamsung Electronics Co., Ltd. and Google Inc. furthered their long-term cooperative partnership with a global patent cross-license agreement covering a broad range of technologies and business areas. The mutually beneficial agreement covers the two companies' existing patents as well as those filed over the next 10 years.
"We're pleased to enter into a cross-license with our partner Samsung," said Allen Lo, Deputy General Counsel for Patents at Google. "By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation."
With this agreement, Samsung and Google gain access to each other's industry-leading patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.
"This agreement with Google is highly significant for the technology industry," said Dr. Seungho Ahn, the Head of Samsung's Intellectual Property Center. "Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes."
Google's patent portfolio of more than 50,000 patent assets is ranked as one of the top patent portfolios in the high-tech industry.
January 17, 2014
Google Working on Smart Contact LensesGoogle announced on its corporate blog that it is working on a scientific project to develop contact lenses that can help people with diabetes measure glucose levels in the body. The special lenses would contain miniature chips and glucose sensors that are embedded between two layers of soft contact lens material.
The project is being run by Google employees Brian Otis and Babak Parviz. According to Bloomberg, Otis is on leave to Google from the University of Washington in Seattle, where he is an associate professor in the electrical engineering department.
Parviz was involved in the Google Glass project and has talked about putting displays on contact lenses, including lenses that monitor wearers' health.
In 2012, the two were among the co-authors in a paper titled "Glucose Sensor for Wireless Contact-Lens Tear Glucose Monitoring" for the IEEE Journal of Solid-State Circuits.
Google says it has talked to the FDA about turning the technology into a system that people can use. It is also looking for corporate partners who are experts in bringing products to market.
January 13, 2014
Google Acquires Nest for $3.2 Billion in CashGoogle has made a blockbuster deal to bring technology into the home as it announced an agreement to buy Nest Labs, Inc. of Palo Alto for $3.2 billion in cash.
Nest is a maker of home thermostats and smoke detectors with a sharp design and also allows users to control their home temperature via smartphone apps. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller--and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.
Larry Page, CEO of Google, said: "Nest's founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They're already delivering amazing products you can buy right now--thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!"
Google Ventures, the company's venture capital arm, led an $80 million investment in Nest Labs last January. Other investors include: Kleiner, Perkins, Caufield and Byers; Shasta Ventures,; Lightspeed Venture Partners; and Venrock.
Tony Fadell, CEO of Nest, said: "We're thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world."
Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.
December 15, 2013
Google Buys Robot Maker Boston DynamicsGoogle has acquired Boston Dynamics, a maker of robots based in Waltham, MA according to an article in The NY Times. Boston Dynamics has designed mobile research robots for the U.S. military and is the eighth robotics company that Google has purchased in the past six months.
Google hasn't said what it plans to do with all this robot technology but its efforts are being led by Andy Rubin, who helped develop the Android mobile operating system.
Financial details were not disclosed on what Google paid for Boston Dynamics, which was founded in 1992.
Boston Dynamics says it builds advanced robots with remarkable behavior: mobility, agility, dexterity and speed. It uses sensor-based controls and computation to unlock the capabilities of complex mechanisms. Organizations worldwide, from DARPA, the US Army, Navy and Marine Corps to Sony Corporation have turned to Boston Dynamics for advice and for help creating the most advanced robots on Earth.
November 21, 2013
Google Wallet Offers Debit CardGoogle has introduced the Google Wallet Debit Card that lets you quickly access money in your Google Wallet account and can be used in stores or at ATMs to withdraw cash.
With the Google Wallet Card, you can:
The card is currently available only in the U.S.
November 16, 2013
Google Halts Sales of Chromebook LaptopGoogle and HP are pausing sales of the HP Chromebook 11 after receiving a small number of user reports that some chargers included with the device have been damaged due to overheating during use. The company said in a blog post that it is working with the Consumer Product Safety Commission to identify the appropriate corrective action, and will provide additional information and instructions as soon as we can.
In the meantime, Google says customers who have purchased an HP Chromebook 11 should not use the original charger provided with the product. In the interim they may continue using their HP Chromebook 11 with any other Underwriters Laboratories-listed micro-USB charger, for example one provided with a tablet or smartphone. We apologize for the inconvenience.
The Chromebook made by HP was launched in October and sold for $279. It runs on Google's Chrome operating system and sold at Best Buy, Amazon and Google Play.
November 1, 2013
Google Introduces Nexus 5 Smartphone, KitKat
Google has introduced its latest smartphone, the Nexus 5 developed in a partnership with LG. It's the slimmest and fastest Nexus phone ever made. Its design is simple and features a 5-inch full HD display. The advanced camera lens on Nexus 5 captures more light for brighter night and sharper action shots. And with optical image stabilization, you no longer have to worry about shaky hands and blurry pictures. A new HDR+ mode automatically snaps a rapid burst of photos and combines them to give you the best possible single shot.
Nexus 5 is available now, unlocked and without a contract, on Google Play in the U.S., Canada, U.K., Australia, France, Germany, Spain, Italy, Japan and Korea (and coming soon to India), starting at $349. Nexus 5 will be available soon before the holidays at the following retailers: Sprint, T-Mobile, Amazon, Best Buy and RadioShack.
The company also unveiled KitKat, the latest version of its Android operating system for smartphones and tablets.
With KitKat, Google said it has slimmed down Android's memory footprint by doing things like removing unnecessary background services and reducing the memory consumption of features that you use all the time. This was done not only within Android but across Google services like Chrome and YouTube. RAM (or memory) is one of the most expensive parts of a phone, and now Android can run comfortably on the 512MB of RAM devices that are popular in much of the world, bringing the latest features in Android 4.4 within reach for the next billion smartphone users.
Android 4.4, KitKat, which comes on Nexus 5, will soon be available on Nexus 4, 7, 10, the Samsung Galaxy S4 and HTC One Google Play edition devices in the coming weeks.
October 26, 2013
Google Adds Handwriting Support to GmailGoogle is now offering the ability to input handwriting into its Gmail and Docs applications, which is a huge benefit for foreign users where using the keyboard is less than ideal. Whether you're a student trying to include a foreign phrase in your paper or an international consultant hoping to begin your message with a friendly local greeting, now you'll be able to use your own handwriting to input words directly into Gmail and Google Docs with your mouse or trackpad.
To try it out, enable input tools in Gmail or Docs and select the handwriting input (represented by a pencil icon) of the language you want to use.
You can write single or even multiple characters at once in the panel to see them show up in your message or document. Currently, handwriting input is available in Google Docs for over 20 languages and in Gmail for over 50 languages, including Chinese, Japanese, Hindi and Russian.
The new feature is available in Google Mobile Search, Google Translate (Web, Android and iOS), and the Chrome browser.
September 26, 2013
Google Offers Home Delivery in Bay AreaGoogle announced it will offer its new home delivery service for products at area stores to anyone living or working from San Francisco to San Jose.
This new service brings the speed of the web to the real world by helping you shop your favorite local stores online -- in a single place -- and get what you need delivered the same day. Google is also launching a new mobile app, available for both Android and iOS, to bring you the convenience of Google Shopping Express even when you're on-the-go.
Whether you've run out of something essential or need to get a last-minute gift, you can shop your favorite stores all in one place, and get everything delivered in just a few hours. With Google Shopping Express, you can shop national, regional, and local stores, including American Eagle, Blue Bottle Coffee, Lucky, Office Depot, Palo Alto Toy & Sport, Photojojo, Raley's Nob Hill Foods, Staples, Target, Toys 'R 'Us/Babies 'R 'Us, and Walgreens. And as of Wednesday, you can also fill your cart with items from DODOcase, Guitar Center, L'Occitane, REI, and Whole Foods Market.
With Google Shopping Express you can select a delivery window that's convenient for you, starting in the morning and running as late as 9pm. To make this all work, Google engineers put their heads together to figure out the most efficient way to get all the packages delivered across town in the delivery windows promised.For a limited time, you can get six months of free, unlimited same-day delivery when you sign up for free membership. To get started, visit google.com/shopexpress.
September 20, 2013
Google Launches Health Company CalicoGoogle has announced the launch of Calico, a new company that will focus on health and well-being, in particular the challenge of aging and associated diseases. Arthur Levinson, Chairman and former CEO of Genentech and Chairman of Apple, will be Chief Executive Officer and a founding investor.
Announcing this new investment, Larry Page, Google CEO said: "Illness and aging affect all our families. With some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives. It's impossible to imagine anyone better than Art -- one of the leading scientists, entrepreneurs and CEOs of our generation -- to take this new venture forward." Art said: "I've devoted much of my life to science and technology, with the goal of improving human health. Larry's focus on outsized improvements has inspired me, and I'm tremendously excited about what's next."
Art Levinson will remain Chairman of Genentech and a director of Hoffmann-La Roche, as well as Chairman of Apple.
Commenting on Art's new role, Franz Humer, Chairman of Hoffmann-La Roche, said: "Art's track record at Genentech has been exemplary, and we see an interesting potential for our companies to work together going forward. We're delighted he'll stay on our board."
Tim Cook, Chief Executive Officer of Apple, said: "For too many of our friends and family, life has been cut short or the quality of their life is too often lacking. Art is one of the crazy ones who thinks it doesn't have to be this way. There is no one better suited to lead this mission and I am excited to see the results."
September 19, 2013
Google Buys Bump TechnologiesGoogle has acquired Bump Technologies, a Mountain View-based startup that develops apps including Bump and Flock that allow mobile users to share photos and files just by bumping phones together.
Terms of the deal weren't disclosed. Google is expected to integrate Bump technology into the Android mobile operating system.
"Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices. We strive to create experiences that feel like magic, enabled behind the scene with innovations in math, data processing, and algorithm," said Bump CEO and co-founder David Lieb in a blog post. "So we couldn't be more thrilled to join Google, a company that shares our belief that the application of computing to difficult problems can fundamentally change the way that we interact with one another and the world."
September 7, 2013
Google Inks Deal for KitKat NameGoogle announced the name of the latest version of its Android mobile operating system, calling it Android KitKat after a brand of candy made by Hershey Company. Instead of a generic name for its Android updates, Google has decided to use Android as a marketing campaign via a well-known brand. Terms of the deal weren't released.
"We couldn't imagine a better name for our Android K release than the chocolate treat that's been a favorite go-to snack among the team since the early days of Android," said Marc Vanlerberghe, director of Android Marketing.
Android KitKat is version 4.4 of Google's mobile operating system, developed by the company's engineers under sweet-themed codenames that began with Android Cupcake 1.5 in 2009. The codenames have continued alphabetically through to Android Jelly Bean 4.3, released earlier this year.
As part of the U.S. campaign, Kit Kat brand and Google will offer consumers the chance to win 1,000 Nexus 7 tablets, 150,000 Google Play $5.00 credits and 20,000 coupons for a free 8 ounce bag of Kit Kat Minis. To enter the promotion, consumers should look for a code inside the wrapper of specially marked Kit Kat 1.5 oz bars where they will need to visit android.com/kitkat for their chance to win. The promotion will run between September 6, 2013 and January 31, 2014.
The Google announcement is part of a larger global partnership with Nestle. The Hershey Company is a license holder of the Kit Kat trademark in the United States, where it manufactures and sells the Kit Kat brand. To mark the release of the Android KitKat, more than 50 million specially branded Kit Kat bars will be available in 19 countries, including Australia, Brazil, Germany, India, Japan, Middle East, Russia, and the United States.
August 22, 2013
Google Mobile Maps Now Waze BetterGoogle bought social mapping company Waze in June for a reported $1 billion. Now Google is adding Waze to its mobile maps service to help people avoid traffic jams in real time.
Users of Google Maps for Mobile will now benefit from real time incident reports from Waze users. This means when Wazers report accidents, construction, road closures and more on Waze, the updates will also appear on the Google Maps app for Android and iOS in Argentina, Brazil, Chile, Colombia, Ecuador, France, Germany, Mexico, Panama, Peru, Switzerland, UK and the US.
The Waze community will also benefit from two new features. First, the Android and iOS versions of the app have been updated with Google Search. Wazers will now have access to even more search results when navigating. Google Search joins other search providers making it easy to find favorite businesses and any local address.
In addition, after a successful beta test, the Waze Map Editor now includes Google Street View and satellite imagery to build out the map and make it easier to correct map errors reported by the community.
August 16, 2013
Google Adds Personalized SearchGoogle is rolling out personalized search capabilities to all U.S., English-speaking users this week on desktop, tablet and smartphone, with voice search (so you don’t have to type). This feature will help you find information in Gmail, Google Calendar or Google+ as well as photos. Here are just a few of the time savers that will be available this week, with more to come:
The company says it has been offering this kind of infoflights, reservations, appointments and morefor more than a year in Google Now. Now that it’s in Google Search, you can get it anytime you need it.
August 6, 2013
Google Introduces Find Your Phone for AndroidGoogle is introducing a new feature that can help you find your Android phone if it was lost or stolen. Using the new Android Device Manager, you can quickly ring your phone at maximum volume so you can find it (even if it's been silenced), or locate it on a map, in real time.
If your phone can't be recovered, or has been stolen, you can quickly and securely erase all of the data on your device to keep your data from ending up in the wrong hands. The Android Device Manager will be available for devices running Android 2.2 and above, as part of Google Play. You will also need to be signed into your Google Account.
The feature is similar to the Find My iPhone app already available for Apple iPhones and iPads.
July 31, 2013
Google to Power Wi-Fi at StarbucksGoogle said it will be teaming up with Starbucks to bring faster, free Wi-Fi connections to all 7,000 company-operated Starbucks stores in the United States over the next 18 months and starting in August. When accessing the Wi-Fi at your local Starbucks with Google, you'll be able to surf the web at speeds up to 10x faster than before. If you're in a Google Fiber city like Kansas City, Austin and Provo, the company is hoping to get a connection that's up to 100x faster.
"Every day, our customers rely on the free Wi-Fi at Starbucks to study, work, connect with friends or just relax. We want to make sure that they can access the web effortlessly and quickly, no matter what they're doing, or what device they are using," said Adam Brotman, chief digital officer, Starbucks. "Our goal is to continue to provide our customers with the best in-store experience possible, and we are excited to offer these kinds of unparalleled experiences at a broad scale."Starbucks and Google will work with Level 3 Communications, an international telecommunications company, to bring faster Wi-Fi connectivity to Starbucks® stores. Level 3 will upgrade existing Wi-Fi devices and will manage in-store connectivity in more than 7,000 company-owned stores across the nation.
July 26, 2013
Google Selling Chromecast TV Device
Google has launched a new device called Chromecast that plugs into the HDMI slot on TVs that sells for the low price of $35. Chromecast lets you use your phone, tablet or laptop to "cast" online content wirelessly to your TV screen. It works with Netflix, YouTube, Google Play Movies & TV, and Google Play Music, with more apps like Pandora coming soon. With Chromecast, Google says it wanted to create an easy solution that works for everyone, for every TV in the house.
Once your Chromecast is set up, you can use your phone, tablet or laptop to browse and cast content to your TV, play and pause, control the volume, and more. But unlike other streaming solutions, you can still multitask -- send emails or surf the web -- while enjoying what's on the TV screen. It works across platforms -- Android tablets and smartphones, iPhones, iPads, Chrome for Mac and Windows (more to come), so your personal device is also now your remote control.
Chromecast also lets you project Internet content on to your TV using a new feature in Google's Chrome browser.
The Chromecast device is already sold out via Google Play and Amazon.com with high demand and low price of $35. It is supposed to begin shipping in August.
July 19, 2013
Google Announces Second Quarter Results
Google Inc. reported consolidated revenues of $14.11 billion for the quarter ended June 30, 2013, an increase of 19% compared to the second quarter of 2012.
"Google had a great quarter with over $14 billion in revenue -- up 19% year-on-year," said Larry Page, CEO of Google. "The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people's lives even more is immense."
Google-owned sites generated revenues of $8.87 billion, or 68% of total Google revenues, in the second quarter of 2013. This represents an 18% increase over second quarter 2012 Google sites revenues of $7.54 billion.Google's partner sites via Adsense generated revenues of $3.19 billion, or 24% of total Google revenues, in the second quarter of 2013. This represents a 7% increase from second quarter 2012 Google network revenues of $2.98 billion.
Paid clicks, which include clicks related to ads served on Google sites and the sites of Google's Network members, increased approximately 23% over the second quarter of 2012 and increased approximately 4% over the first quarter of 2013. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of Network members, decreased approximately 6% over the second quarter of 2012 and decreased approximately 2% over the first quarter of 2013.
Motorola Mobile revenues were $998 million, or 7% of consolidated revenues in the second quarter of 2013, compared to $843 million, or 7% of consolidated revenues in the second quarter of 2012.
Google reported cash and marketable securities of $54.4 billion.
On a worldwide basis, the company employed 44,777 full-time employees (40,178 in Google and 4,599 in Motorola Mobile) as of June 30, 2013, compared to 53,891 full-time employees (38,739 in Google, 9,982 Motorola Mobile, and 5,170 Motorola Home) as of March 31, 2013.
June 11, 2013
Google Buys Waze for $1 Billion+
Google announced it has acquired traffic app Waze for a reported $1.3 billion. Waze is based in Israel and operates a community-based mapping service with over 50 million registered users around the world.
Brian McClendon, Vice President of Geo for Google, said in a blog post that the Waze product development team will remain in Israel and operate separately for now. Google is excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google's search capabilities.
Waze first began as an open source mapping project in 2006 and officially started in 2008. The company has received funding from Blue Run Ventures, Magma Venture Partners and Vertex Venture Capital. It recently received additional funding from Kleiner Perkins and Li Ka-shing's Horizon Ventures.
Waze has U.S. headquarters in Palo Alto.
June 4, 2013
Google Invests $12 Million in South African Solar Farm
Google said it has made its first investment in Africa to boost the use of renewable energy.
The Internet giant has made a $12 million USD (103 million Rand) investment in the Jasper Power Project, a 96 megawatt solar photovoltaic plant in the Northern Cape province of South Africa. Upon completion, Jasper will be one of the largest solar installations on the continent, capable of generating enough electricity to power 30,000 South African homes. The project, developed and funded by SolarReserve, Intikon Energy and the Kensani Group, is also backed by Rand Merchant Bank, the Public Investment Corporation, Development Bank of South Africa and the PEACE Humansrus Trust.The Jasper Project will create approximately 300 construction and 50 permanent jobs in a region experiencing high rates of unemployment, as well as providing rural development and education programs and setting aside a portion of total project revenues -- amounting to approximately $26 million over the life of the project -- for enterprise and socio-economic development.
According to a blog post by Rick Needham, Google's Director of Energy & Sustainability, the company has committed more than $1 billion to renewable energy investments and continues to search for new opportunities.
May 15, 2013
Google CEO Page Has Paralyzed Vocal Cords
Google CEO and co-founder Larry Page announced on his Google Plus page that he has paralyzed vocal cords and also suffers from a rare condition called Hashimoto's thyroditis.
Page has not spoken at recent investor events and his voice has been much softer over the past year.
Page said a doctor discovered he had left vocal cord paralysis 14 years ago after suffering a bad cold and his voice became hoarse again last summer after another cold. He said he has improved over the past year and now chooses his words carefully and even has better stamina.
Page credits Dr. Steven Zeitels from the Harvard Medical School and the Massachusetts General Hospital Voice Center -- who is really excited about the potential to improve vocal cord nerve function. After meeting him, Page has agreed to fund a significant research program through the Voice Health Institute, which Zeitels will lead.
May 7, 2013
Google Takes Minority Stake in Lending Club
Google has acquired a minority stake in Lending Club, a website that lets users borrow money from others. The investment by Google came as part of a secondary transaction whereby new and existing investors acquired shares from existing investors. Buyers include Google and existing investor Foundation Capital. The deal was part of a $125 investment.
"Lending Club is using the Internet to reshape the financial system and profoundly transform the way people think of credit and investment," said David Lawee, Vice President of Corporate Development at Google. "We are excited to be a part of it."
As part of this investment David Lawee will take an observer seat on the Lending Club Board alongside existing Board members including Mary Meeker, John Mack and Larry Summers.
"Few companies have such an in-depth understanding of the Internet as Google," said Lending Club CEO Renaud Laplanche. "We believe our relationship with Google will be very helpful in better serving our customers. We couldn't be more excited to have them on board."
Lending Club continues its significant growth with more than $1.65 billion in loans facilitated since inception including over $350 million in the last quarter. By focusing on high-credit-quality borrowers, the Lending Club platform has generated 22 consecutive quarters of positive returns. The company's wholly-owned subsidiary LC Advisors, an SEC Registered Investment Advisor, has launched several funds in the last 2 years and now has more than $450 million in assets under management.
April 21, 2013
Google Reports $14 Billion in RevenueGoogle Inc. reported revenues of $13.97 billion for the quarter ended March 31, 2013, an increase of 31% compared to the first quarter of 2012. Net income was $3.35 billion for the first quarter, up from $2.89 billion last year.
"We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year," said Larry Page, CEO of Google. "We are working hard and investing in our products that aim to improve billions of people's lives all around the world."Google-owned sites generated revenues of $8.64 billion, or 67% of total Google revenues, in the first quarter of 2013. This represents an 18% increase over first quarter 2012 Google sites revenues of $7.31 billion. Google's partner sites using Adsense generated revenues of $3.26 billion, or 25% of total Google revenues, in the first quarter of 2013. This represents a 12% increase from first quarter 2012 Google network revenues of $2.91 billion. Cost-per-click on Google and Adsense sites were down 4% in the first quarter.
Google revenues from outside of the United States totaled $7.1 billion, representing 55% of total Google revenues in the first quarter of 2013, compared to 54% in the fourth quarter of 2012 and in the first quarter of 2012.
Motorola Mobile revenues were $1.02 billion, or 7% of consolidated revenues in the first quarter of 2013.
Google said it had cash and securities of $50.1 billion at the end of the quarter and 53,891 total employees (38,739 in Google and 9,982 in Motorola Mobile and 5,170 in Motorola Home), an increase of 30 from the last quarter.
April 18, 2013
Google Adds Provo to Fiber CitiesGoogle announced it plans to make Provo the third U.S. city to have Google Fiber, a high-speed fiber-optic network.
In order to bring Fiber to Provo, Google has signed an agreement to purchase iProvo, an existing fiber-optic network owned by the city. As a part of the acquisition, Google has committed to upgrade the network to gigabit technology and finish network construction so that every home along the existing iProvo network would have the opportunity to connect to Google Fiber.
Utah is already home to hundreds of tech companies and startups, and many of them are based in Provo. Its nickname is the Silicon Slopes. In fact, the Provo area ranks second in the nation in patent growth, and is consistently ranked as one of the top places to live and do business in the U.S.
Provo has a population of 115,000 and is home to Brigham Young University.
Google said it plans to offer Free Internet service (5 Mbps speeds) to every home along the existing Provo network, for a $30 activation fee and no monthly charge for at least seven years.
April 10, 2013
Google to Launch Fiber in AustinGoogle announced plans to build a high-speed fiber network in Austin, TX beginning in mid-2014. This will be the second U.S. city to get Google Fiber after Kansas City was the first market launched two years ago.
Customers there will have a similar choice of products as customers in Kansas City. Pricing is expected to be similar to KC with Gigabit Internet at $70 per month or Gigabit Internet plus the Google Fiber TV service with nearly 200 HD TV channels for $120 per month.
Google said it will also offer Austin customers a free Internet connection at 5 mbps for 7 years, provided they pay a one-time construction fee. Google said it plans to connect many public institutions as it build ins Austin -- schools, hospitals, community centers -- at a gigabit for no charge.
Austin is the capital of Texas and home to the University of Texas main campus and its medical research center.
April 2, 2013
Google Tests Home Delivery in Bay AreaGoogle's commerce division announced it will test home delivery service in the Bay Area that could bring goods ordered online right to your door.
The company is looking for testers who will be able to shop online, in a single place, from retailers such as Target, Walgreens, Staples, American Eagle and Toys R 'Us/Babies R 'Us -- along with locally distinct shops such as San Francisco's Blue Bottle Coffee, and the Bay Area's Palo Alto Toy & Sport and Raley's Nob Hill Foods, and get your items delivered that same day.
If you live in the San Francisco Bay Area (in the city of San Francisco, and the Peninsula from San Mateo to San Jose) and would like to help test this new Google shopping initiative, you can sign up here. The company said it is still working out a long-term pricing plan for the service but early testers will get six months of free, unlimited same-day delivery.
March 22, 2013
Google Introduces Keep Note ServiceGoogle has launched a new note-taking service called Keep. With Google Keep you can quickly jot ideas down when you think of them and even include checklists and photos to keep track of what's important to you. Your notes are safely stored in Google Drive and synced to all your devices so you can always have them at hand.
Keep can also transcribe your voice memos automatically so you don't need to type your notes if you prefer.
Google Keep is available on Google Play for smartphones and tablets running Android 4.0, Ice Cream Sandwich and above. You can access, edit and create new notes on the web at http://drive.google.com/keep and in the coming weeks you'll be able to do the same directly from Google Drive.
March 14, 2013
Google Closing 8 More ServicesGoogle is continuing its Spring Cleaning that was first announced in 2011 with the closure of 8 additional services, bringing the total to 70 services that have been shuttered over the past two years. Here are the latest Google services to be eliminated or merged: