Searching for business
Brin and Page, who met as graduate students at Stanford University, were intrigued with the idea 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 modern type of search engineering, which they dubbed BackRub. The winder was to leverage Web users ’ own rate abilities by tracking each Web site ’ mho “ backing links ” —that is, the number of other pages linked to them. Most search engines merely returned a list of Web sites ranked by how much a search phrase appeared on them. Brin and Page incorporated into the search routine the count of links each Web locate had ; i.e., a Web locate with thousands of links would logically be more valuable than one with merely a few links, and the search engine frankincense would place the heavily linked locate higher on a list of possibilities. Further, a radio link from a heavy linked Web site 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, family, and friends and set up denounce in Menlo Park, California, under the name Google, which was derived from a misspelling of Page ’ s original planned name, googol ( a mathematical term for the act one followed by 100 zeroes ). By mid-1999, when Google received a $ 25 million cycle 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 yahoo ! dispensed with Google ’ sulfur services, users were searching on Google 200 million times a day. That growth alone continued : by the goal of 2011 Google was handling some three billion searches per day. The company ’ mho mention became sol omnipresent that it entered the vocabulary 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 populace, each of them containing several hundred thousand servers ( basically, multiprocessor personal computers and hard drives mounted in particularly construct racks ). Google ’ sulfur interlinked computers credibly number several million. The affection of Google ’ mho operation, however, is built around three proprietary pieces of calculator code : Google File System ( GFS ), Bigtable, and MapReduce. GFS handles the memory of data in “ chunks ” across respective machines ; Bigtable is the caller ’ second database program ; and MapReduce is used by Google to generate higher-level data ( for example, putting together an index of Web pages that contain the words “ Chicago, ” “ dramaturgy, ” and “ participatory ” ).
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The extraordinary growth of Google led to inner management problems. about from the beginning, investors felt that Brin and Page needed an experienced coach at the helm, and in 2001 they agreed to hire Eric Schmidt as president and foreman executive officer ( CEO ) of the company. Schmidt, who previously had held the lapp positions at the software company 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 party as a “ triumvirate ” until Page took on the CEO function in 2011, Schmidt became executive president, and Brin adopted the deed of director of particular projects. The ship’s company ’ s initial public offer ( 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 stockholders. The banal 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 foothold with fiscal industry professionals. Google was added to Standard and Poor ’ s 500 ( S & P 500 ) standard index in 2006. In 2012 Google ’ s commercialize 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 subordinate of the holding company Alphabet Inc. Internet search, advertising, 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 inquiry party Calico, home-products company Nest, and research lab Google X—became offprint firms under Alphabet. page became CEO of Alphabet, Brin its president of the united states, and Schmidt its executive president. Sundar Pichai, aged vice president of products, became Google ’ s fresh CEO. Alphabet again reorganized in 2017 to create an intermediate bear company, XXVI Holdings, and to convert Google into a limited indebtedness ship’s company ( LLC ). In 2018 Schmidt stepped down adenine 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 circuit board of directors. Pichai became CEO of the holding company while retaining that side at Google.
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