Google Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === Initial public offering === On August 19, 2004, Google became a [[public company]] via an [[initial public offering]]. At that time Page, Brin and Schmidt agreed to work together at Google for 20 years, until the year 2024.<ref>{{Cite news |last=Lashinsky |first=Adam |date=January 29, 2008 |title=Google wins again |work=[[Fortune (magazine)|Fortune]] |publisher=Time Warner |url=https://money.cnn.com/2008/01/18/news/companies/google.fortune/index.htm |url-status=live |access-date=January 22, 2011 |archive-url=https://web.archive.org/web/20121022200031/http://money.cnn.com/2008/01/18/news/companies/google.fortune/index.htm |archive-date=October 22, 2012}}</ref> The company offered 19,605,052 shares at a price of $85 per share.<ref name="IPO">{{Cite web |title=GOOG Stock |date=July 31, 2023 |url=https://markets.businessinsider.com/stocks/goog-stock |publisher=[[Business Insider]] |access-date=April 6, 2021 |archive-date=April 10, 2021 |archive-url=https://web.archive.org/web/20210410114859/https://markets.businessinsider.com/stocks/goog-stock |url-status=live }}</ref><ref name=":1">{{Cite web |year=2004 |title=2004 Annual Report |url=http://investor.google.com/pdf/2004_AnnualReport.pdf |url-status=live |archive-url=https://web.archive.org/web/20120114064401/http://investor.google.com/pdf/2004_AnnualReport.pdf |archive-date=January 14, 2012 |access-date=February 19, 2010 |website=Google, Inc. |location=Mountain View, California |page=29}}</ref> Shares were sold in an online auction format using a system built by [[Morgan Stanley]] and [[Credit Suisse]], underwriters for the deal.<ref>{{Cite news |last=La Monica |first=Paul R. |date=April 30, 2004 |title=Google sets $2.7 billion IPO |work=[[CNN]] Money |url=https://money.cnn.com/2004/04/29/technology/google/ |url-status=live |access-date=February 19, 2010 |archive-url=https://web.archive.org/web/20121022154717/http://money.cnn.com/2004/04/29/technology/google/ |archive-date=October 22, 2012}}</ref><ref>{{Cite web |last=Kawamoto |first=Dawn |date=April 29, 2004 |title=Want In on Google's IPO? |url=http://www.zdnet.com/news/want-in-on-googles-ipo/135799 |url-status=live |archive-url=https://web.archive.org/web/20111228131306/http://www.zdnet.com/news/want-in-on-googles-ipo/135799 |archive-date=December 28, 2011 |access-date=February 19, 2010 |website=ZDNet}}</ref> The sale of $1.67 billion gave Google a [[market capitalization]] of more than $23 billion.<ref name="washpost">{{Cite news |last=Webb |first=Cynthia L. |date=August 19, 2004 |title=Google's IPO: Grate Expectations |newspaper=[[The Washington Post]] |location=Washington, D.C. |url=https://www.washingtonpost.com/wp-dyn/articles/A14939-2004Aug19.html |url-status=live |access-date=February 19, 2010 |archive-url=https://web.archive.org/web/20121112172750/http://www.washingtonpost.com/wp-dyn/articles/A14939-2004Aug19.html |archive-date=November 12, 2012}}</ref> [[File:Eric Schmidt at the 37th G8 Summit in Deauville 037.jpg|thumb|upright|[[Eric Schmidt]], CEO of Google from 2001 to 2011]] On November 13, 2006, Google acquired [[YouTube]] for $1.65 billion in Google stock,<ref>{{Cite web |last=Arrington |first=Michael |date=October 9, 2006 |title=Google Has Acquired YouTube |url=https://techcrunch.com/2006/10/09/google-has-acquired-youtube/ |url-status=live |archive-url=https://web.archive.org/web/20170316024815/https://techcrunch.com/2006/10/09/google-has-acquired-youtube/ |archive-date=March 16, 2017 |access-date=March 15, 2017 |website=[[TechCrunch]] |publisher=[[AOL]]}}</ref><ref>{{Cite web |last1=Sorkin |first1=Andrew Ross |last2=Peters |first2=Jeremy W. |date=October 9, 2006 |title=Google to Acquire YouTube for $1.65 Billion |url=https://www.nytimes.com/2006/10/09/business/09cnd-deal.html |url-status=live |archive-url=https://web.archive.org/web/20170609080519/http://www.nytimes.com/2006/10/09/business/09cnd-deal.html |archive-date=June 9, 2017 |access-date=March 15, 2017 |website=[[The New York Times]]}}</ref><ref>{{Cite web |last=Arrington |first=Michael |date=November 13, 2006 |title=Google Closes YouTube Acquisition |url=https://techcrunch.com/2006/11/13/google-closes-youtube-acquisition/ |url-status=live |archive-url=https://web.archive.org/web/20170316024500/https://techcrunch.com/2006/11/13/google-closes-youtube-acquisition/ |archive-date=March 16, 2017 |access-date=March 15, 2017 |website=[[TechCrunch]] |publisher=[[AOL]]}}</ref><ref>{{Cite web |last=Auchard |first=Eric |date=November 14, 2006 |title=Google closes YouTube deal |url=https://www.reuters.com/article/us-google-idUSWEN973120061114 |url-status=live |archive-url=https://web.archive.org/web/20170316113147/http://www.reuters.com/article/us-google-idUSWEN973120061114 |archive-date=March 16, 2017 |access-date=March 15, 2017 |website=[[Reuters]] |publisher=[[Thomson Reuters]]}}</ref> On July 20, 2007, Google bids $4.6 billion for the wireless-spectrum auction by the FCC.<ref>{{Cite web |last=Sarkar |first=Dibya |date=2007-07-20 |title=Google to bid $4.6 billion at wireless auction β with conditions |url=https://www.seattletimes.com/business/google-to-bid-46-billion-at-wireless-auction-8212-with-conditions/ |access-date=2024-03-26 |website=The Seattle Times |language=en-US |archive-date=March 26, 2024 |archive-url=https://web.archive.org/web/20240326144446/https://www.seattletimes.com/business/google-to-bid-46-billion-at-wireless-auction-8212-with-conditions/ |url-status=live }}</ref> On March 11, 2008, Google acquired [[DoubleClick]] for $3.1 billion, transferring to Google valuable relationships that DoubleClick had with Web publishers and advertising agencies.<ref>{{Cite news |last=Lawsky |first=David |date=March 11, 2008 |title=Google closes DoubleClick merger after EU approval |work=[[Reuters]] |url=https://www.reuters.com/article/us-google-doubleclick-eu-idUSBFA00058020080311 |access-date=April 8, 2021 |archive-date=December 22, 2020 |archive-url=https://web.archive.org/web/20201222191224/https://www.reuters.com/article/us-google-doubleclick-eu-idUSBFA00058020080311 |url-status=live }}</ref><ref>{{Cite web |last1=Story |first1=Louise |last2=Helft |first2=Miguel |date=April 14, 2007 |title=Google Buys DoubleClick for $3.1 Billion |url=https://www.nytimes.com/2007/04/14/technology/14DoubleClick.html |url-status=live |archive-url=https://web.archive.org/web/20170404014741/http://www.nytimes.com/2007/04/14/technology/14DoubleClick.html |archive-date=April 4, 2017 |access-date=March 9, 2017 |website=[[The New York Times]]}}</ref> By 2011, Google was handling approximately 3 billion searches per day. To handle this workload, Google built 11 [[data centers]] around the world with several thousand servers in each. These data centers allowed Google to handle the ever-changing workload more efficiently.<ref name="Google Inc" /> In May 2011, the number of monthly unique visitors to Google surpassed one billion for the first time.<ref>{{Cite news |last=Worstall |first=Tim |date=June 22, 2011 |title=Google Hits One Billion Visitors in Only One Month |work=[[Forbes]] |url=https://www.forbes.com/sites/timworstall/2011/06/22/google-hits-one-billion-visitors-in-only-one-month/ |url-access=limited |access-date=April 8, 2021 |archive-date=April 28, 2021 |archive-url=https://web.archive.org/web/20210428202935/https://www.forbes.com/sites/timworstall/2011/06/22/google-hits-one-billion-visitors-in-only-one-month/ |url-status=live }}</ref><ref>{{Cite news |last=Efrati |first=Amir |date=June 21, 2011 |title=Google Notches One Billion Unique Visitors Per Month |work=[[The Wall Street Journal]] |url=https://www.wsj.com/articles/BL-DGB-22656 |url-access=subscription |access-date=April 8, 2021 |archive-date=April 16, 2021 |archive-url=https://web.archive.org/web/20210416191216/https://www.wsj.com/articles/BL-DGB-22656 |url-status=live }}</ref> In May 2012, Google acquired [[Motorola Mobility]] for $12.5 billion, in its largest acquisition to date.<ref>{{Cite news |date=May 22, 2012 |title=Google Completes Takeover of Motorola Mobility |publisher=[[IndustryWeek]] |agency=[[Agence France-Presse]] |url=https://www.industryweek.com/finance/governance-risk-compliance/article/21957658/google-completes-takeover-of-motorola-mobility |access-date=April 6, 2021 |archive-date=April 14, 2021 |archive-url=https://web.archive.org/web/20210414225112/https://www.industryweek.com/finance/governance-risk-compliance/article/21957658/google-completes-takeover-of-motorola-mobility |url-status=live }}</ref><ref>{{Cite news |last=Tsukayama |first=Hayley |date=August 15, 2011 |title=Google agrees to acquire Motorola Mobility |newspaper=[[The Washington Post]] |url=https://www.washingtonpost.com/blogs/faster-forward/post/google-agrees-to-acquire-motorola-mobility/2011/08/15/gIQABmTkGJ_blog.html |url-status=live |archive-url=https://web.archive.org/web/20121113035358/http://www.washingtonpost.com/blogs/faster-forward/post/google-agrees-to-acquire-motorola-mobility/2011/08/15/gIQABmTkGJ_blog.html |archive-date=November 13, 2012}}</ref><ref>{{Cite web |title=Google to Acquire Motorola Mobility β Google Investor Relations |url=http://investor.google.com/releases/2011/0815.html |url-status=live |archive-url=https://web.archive.org/web/20110817101741/http://investor.google.com/releases/2011/0815.html |archive-date=August 17, 2011 |access-date=August 17, 2011 |website=Google}}</ref> This purchase was made in part to help Google gain Motorola's considerable patent portfolio on mobile phones and wireless technologies, to help protect Google in its ongoing patent disputes with other companies,<ref>{{Cite web |last=Page |first=Larry |author-link=Larry Page |date=August 15, 2011 |title=Official Google Blog: Supercharging Android: Google to Acquire Motorola Mobility |url=https://googleblog.blogspot.com/2011/08/supercharging-android-google-to-acquire.html |url-status=live |archive-url=https://web.archive.org/web/20110921134344/https://googleblog.blogspot.com/2011/08/supercharging-android-google-to-acquire.html |archive-date=September 21, 2011 |website=Official Google Blog}}</ref> mainly [[Apple Inc.|Apple]] and [[Microsoft]],<ref>{{Cite web |last=Hughes |first=Neil |date=August 15, 2011 |title=Google CEO: 'Anticompetitive' Apple, Microsoft forced Motorola deal |url=https://appleinsider.com/articles/11/08/15/google_ceo_anticompetitive_apple_microsoft_forced_motorola_deal.html |url-status=live |archive-url=https://web.archive.org/web/20111210181127/http://www.appleinsider.com/articles/11/08/15/google_ceo_anticompetitive_apple_microsoft_forced_motorola_deal.html |archive-date=December 10, 2011 |website=[[AppleInsider]]}}</ref> and to allow it to continue to freely offer Android.<ref name="cnet">{{Cite web |last=Cheng |first=Roger |date=August 15, 2011 |title=Google to buy Motorola Mobility for $12.5B |url=http://news.cnet.com/8301-1035_3-20092362-94/google-to-buy-motorola-mobility-for-$12.5b/ |url-status=live |archive-url=https://web.archive.org/web/20111006062539/http://news.cnet.com/8301-1035_3-20092362-94/google-to-buy-motorola-mobility-for-$12.5b/ |archive-date=October 6, 2011 |access-date=August 15, 2011 |website=CNet News}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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