Searching for business
Brin and Page, who met as graduate students at Stanford University, were intrigued with the mind of extracting meaning from the mass of data accumulating on the Internet. They began working from Page ’ s dormitory board at Stanford to devise a newly type of search technology, which they dubbed BackRub. The key was to leverage Web users ’ own rank abilities by tracking each Web site ’ second “ backing links ” —that is, the issue of other pages linked to them. Most search engines merely returned a number of Web sites ranked by how often a search give voice appeared on them. Brin and Page incorporated into the search function the number of links each Web locate had ; i.e., a Web locate with thousands of links would logically be more valuable than one with just a few links, and the search engine therefore would place the heavily linked web site higher on a list of possibilities. Further, a link from a heavily linked Web locate would be a more valuable “ vote ” than one from a more obscure Web locate.
Reading: Google | History & Facts
In mid-1998 Brin and Page began receiving outside finance ( one of their first investors was Andy Bechtolsheim, a cofounder of Sun Microsystems, Inc. ). They ultimately raised about $ 1 million from investors, kin, and friends and set up shop in Menlo Park, California, under the name Google, which was derived from a misspell of Page ’ s master planned name, googol ( a numerical term for the number one followed by 100 zeroes ). By mid-1999, when Google received a $ 25 million round of guess capital fund, it was processing 500,000 queries per day. Activity began to explode in 2000, when Google became the client search engine for one of the Web ’ s most popular sites, yahoo !. By 2004, when yokel ! dispensed with Google ’ second services, users were searching on Google 200 million times a sidereal day. That growth only continued : by the end of 2011 Google was handling some three billion searches per day. The company ’ randomness identify became then omnipresent that it entered the dictionary as a verb : to google became a common expression for searching the Internet. To accommodate this unprecedented mass of data, Google built 11 data centres around the world, each of them containing respective hundred thousand servers ( basically, multiprocessor personal computers and hard drives mounted in specially manufacture racks ). Google ’ south interlinked computers probably issue several million. The heart of Google ’ mho operation, however, is built around three proprietorship pieces of computer code : Google File System ( GFS ), Bigtable, and MapReduce. GFS handles the memory of data in “ chunks ” across several machines ; Bigtable is the company ’ south database program ; and MapReduce is used by Google to generate higher-level data ( for example, putting together an exponent of Web pages that contain the words “ Chicago, ” “ theater, ” and “ participatory ” ).
Read more: Google drive
The extraordinary growth of Google led to inner management problems. about from the begin, investors felt that Brin and Page needed an experienced coach at the helm, and in 2001 they agreed to hire Eric Schmidt as chair and headman executive military officer ( CEO ) of the company. Schmidt, who previously had held the lapp positions at the software caller Novell Inc., had a doctor’s degree in computer science and melded well with the technocratic impulses of the founders. During Schmidt ’ s reign as CEO, Page served as president of the united states of products, and Brin was president of technology. The three ran the company as a “ triumvirate ” until Page took on the CEO function in 2011, Schmidt became executive chair, and Brin adopted the deed of director of particular projects. The company ’ s initial public extend ( IPO ) in 2004 raised $ 1.66 billion for the party and made Brin and Page instant billionaires. In fact, the IPO created 7 billionaires and 900 millionaires from the early on stockholders. The stock offer besides made news because of the unusual way it was handled. Shares were sold in a public auction intended to put the average investor on an equal foot with fiscal industry professionals. Google was added to Standard and Poor ’ s 500 ( S & P 500 ) malcolm stock index in 2006. In 2012 Google ’ s market capitalization made it one of the largest american companies not in the Dow Jones Industrial Average. Google reorganized itself in August 2015 to become a auxiliary of the holding party Alphabet Inc. Internet search, advertise, apps, and maps, a well as the mobile operating system Android and the video-sharing site YouTube, remained under Google. Separate Google ventures—such as longevity research company Calico, home-products company Nest, and research lab Google X—became separate firms under Alphabet. page became CEO of Alphabet, Brin its president, and Schmidt its executive chair. Sundar Pichai, senior frailty president of products, became Google ’ s new CEO. Alphabet again reorganized in 2017 to create an intercede hold ship’s company, XXVI Holdings, and to convert Google into a limited liability party ( LLC ). In 2018 Schmidt stepped gloomy american samoa executive president. More changes followed in 2019 as both Brin and Page left their posts as president of the united states and CEO, respectively. however, they both remained on Alphabet ’ s dining table of directors. Pichai became CEO of the holding company while retaining that position at Google.
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