Google’s investors look for the next big thing
As of August 2009 by Wikipedia: List of acquisitions by Google
Google Inc made its fortune on Internet search ads, but Wall Street is increasingly eager for signs that the company’s other money-making bets will pay off.
The Internet giant has myriad initiatives, including a display ad business, mobile Internet products and YouTube, the world’s top video Web site.
But none have demonstrated the kind of financial horsepower typically associated with Google, which generated nearly $22 billion in revenue last year.
In July, Google lifted the covers slightly on YouTube, revealing that YouTube is monetizing billions of video views every month and that it expects YouTube to become a profitable business in the not-too-distant future. Executives wanted to dispel reports that YouTube, which it acquired for $1.65 billion in 2006, does not have a credible business model.
One Response to “Google’s investors look for the next big thing”
Leave a Reply
Top Blog Posts
Add Social Media
Enter Your Search
Tags
That’s a very informative post. I am following your blog regularly and got great information. Thank you very much. Keep posting cont…