www.fuckedgoogle.com
flood of text ads from Google shilling for the rollover-prone Explorer lately. What was unusual was that the ads were being delivered by Google's Adsense program onto webpages that signed up for contextual relevant ads only.
Ford gave Google a lot of money, and Google said "Rules? Sure you can send your ads out to everyone on our network of websites." This violated the spirit, and probably the letter, of Google's contract with publishers.
So far this year alone the top 13 executives at Google have sold over 43 billion dollars worth of shares, while the gang at Microsoft only sold 22 billion in the same time period. As a comparison Apple insiders were downright frugal- with only 275 million bucks worth of sales. Think about it- Googlers sold nearly twice as much stock as Microsofties, even though GOOG has less than 10% of the revenue/profit MSFT does!
Those Google insider figures of course exclude around 1 billion dollars in sales by lower level employees that are not required to report anything to the SEC since they don't own at least 5 percent of the company. If all those sales had been expensed at Google as employee compensation, Google would have shown a loss for the year of around 27 billion dollars- the biggest shortfall of any tech company since Worldcom collapsed. But, you say, companies don't have to expense that sort of thing! Wrong- as of Jan 1st, 2006 Google will be required to publish their quarterly earnings statements with at least one set of figures disclosing what their earnings are if you subtract out options expenses. BTW- that pic is the co-founder of Google, Larry Page, gettin' his drink on at a party a few weeks ago.
I guess the Toyota Prius that all the newspaper articles and stock analysts gush about him driving (for being frugal and un-flashy and eco-friendly) just wasn't attracting the right calibre of ladies...
Kirk2 Like everyone else at first, I thought the NASA/Google announcement yesterday would just be a real estate transaction: NASA has lots of empty land at Moffett Field, and Google wants to build a showcase office complex relatively near their current headquarters.
Google announced they are going to collaborate with NASA on "sensors, new materials, bio-info-nanotechnology, and recruiting entrepreneurs into the space program." Because as we all know, running a business selling tiny classified ads on people's blogs translates perfectly into orbital mechanics and life sciences. Methinks some people did a few too many drugs at Burning Man this year.. Representative Anna G Eshoo (CA- 14th District) was even more ridiculous: "The technologoies created by the partnership of Google and NASA not only will enable and enhance further exploration of space, it will positively impact the daily lives of all Americans for generations to come."
finally said: ""Imagine having a wide selection of images from the Apollo space mission at your fingertips whenever you want it. That's just one small example of how this collaboration could help broaden technology's role in making the world a better place." So you grandiosely announce you're going to join with NASA on nanotechnology and biotechnology and spaceflight, but when asked the only thing you can come up with is indexing their Apollo photo album? Folks, this is so patently ridiculous that it can only mean one thing- Google's revenues are about to slow down BIG TIME with Adsense and Adwords. They are literally trying to get into any business they can think of before the day of reckoning arrives. About the only thing left is an announcement that from now on Google employees will devote their 20% "free time" hours towards world peace and finding a cure for cancer. Are there actually any investors out there gullible enough to believe this shit anymore?
They're complaining about Google's treatment of partners and potential partners, and its poaching of top engineers. "I've definitely been picking up on the resentment" said Max Levchin, the co-founder of PayPal. com: "Google is doing more damage to innovation in the Valley right now than Microsoft ever did." Making things difficult for startups in the area is their "across the board 25 to 50 percent salary inflation" for engineers in Silicon Valley, caused by Google's current hiring practices which don't have to worry about actual productivity since their Adwords monopoly is currently kicking off billions in revenue.
bid wildly and purchase 35% of the high end homes in Atherton last year -and in the process make the Atherton zip code the new most expensive market in the entire country. That same cash allows them to bid just as wildly for any programmer they'd like to hire. In an interview with Fortune magazine this spring, even Bill Gates sees the new similarities: "Google is more like us than anyone else."
just announced that the corporate body itself would unload a few billion dollars worth of GOOG stock into the eager hands of momentum investors everywhere- a secondary offering which will be almost twice as large as their original IPO. Up until now, the only billions being cashed out were by the executive staff as they raised cash to purchase nearly every mansion in Atherton over the last year. But if you think this corporate money is going to be used for acquisitions or a new cafeteria, think again. The dirty little secret, of course, is that the proceeds from this secondary will probably be used to repurchase Google stock in an attempt to stop overtly-obvious dilultion from all the executive insider selling. In fact, the amount of money that they plan to raise in this secondary is almost exactly equal in value to the amount of GOOG stock that employees have already sold on their own. com days so people wouldn't realize that their employees were literally unloading billions of dollars worth of stock per quarter and shafting all their investors through dilution.
Farnsworth_4 It seems every other week a new Wall Street analyst raises their price targets for Google shares, so I always find it interesting when non-corrupted individuals crunch the same numbers and produce targets that aren't based on existing investment banking relationships. In this case, the individual is Aswath Damodraran, professor of finance at New York University's Stern School of Business- he's been there for over twenty years.
Using even the most optimistic forecasts for Google's performance over the coming decade, he arrived at a price target of only $110 per share- and that's assuming a 1,400 percent increase in revenues from Google's current levels. This professor literally wrote the textbook on pricing companies ("Investment Valuation"- John Wiley and Sons, 2002) and he concludes by saying he's "baffled" that anyone would pay close to $300 per share for Google.
massive defeat in court today over their illegal selling of trademarked terms in the Adwords program. As you may or may not know, Google makes a large percentage of their revenue (up to 70%, some people in the webmaster forums say) by selling advertising "trigger" words that are trademarked. For example, I could purchase the keyword "Nike" and whenever anyone did a search for Nike they would see my advertisement- whether it is for a vendor selling Nike sneakers or a clothing manufacturer wanting to sell matching socks, or Reebok trying to poach customers, etc.
already lost two cases like this in France, one involving a hotel chain and another involving Louis Vuitton. In the LV case Google had been selling trademarked keywords to handbag counterfeiters who tricked users into buying their stuff whenever someone did a search for Louis Vuitton. Everyone said those legal defeats across the pond meant nothing, because who cares about those crazy French anyway, right? Well, Google just lost the exact same legal argument today in a battle with Geico. The funny part is that Geico just happens to be owned by Berkshire Hathaway, which just happens to be run by Warren Buffett, who happens to be the oft-praised idol of Sergey and Larry, Google's founders. Today's news is big because the floodgates of legal precedence are now open for every American company that has had their trademarks hijacked by Goog...
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