Google is selling shares to raise about $4 billion. What could they be buying?
: LATER: See this tidbit from the later Wall Street Journal story:
While Google’s plans for the cash remain a mystery, the company left a clue that suggests the size of the offering wasn’t arbitrary. The number of shares Google plans to sell is 14,159,265. Those are the first eight digits that follow the decimal in the value of pi (3.14159265), which is an infinite number that represents the ratio of the circumference of a circle to its diameter. It’s a figure that Google’s cofounders, Larry Page and Sergey Brin, who were both raised by math teachers and studied computer science, no doubt are familiar with. Asked about the figure, a company spokesman simply replied, “the document speaks for itself.”
Am I the only one who finds that too-cute-by-half? If this bubble ever bursts and little old ladies are left penniless, this is the kind of arrogant business-as-playground that doesn’t sound so darling on the other side of the curve. In itself, it’s no big deal, of course, just an inside joke. But it’s another of many signs of Google’ arrogance.
Trendwatching does what trendwatchers do, taking a phenom we’re living and giving it a name. They call it life caching, which enables folks today to…:
…become a generation of true storytellers, helping them to visually and compellingly share their experiences with friends and family, which makes them stand out and feel special. In fact, sharing an experience may become as valuable if not more valuable than the actual experience itself.
I blog/Flickr/Del.icio.us, therefore I am.
Om Malik, one of online’s star reporters, finds that Google is buying up lots of fiber and he wonders why. Could it be:
What if Google (GOOG) wanted to give Wi-Fi access to everyone in America? And what if it had technology capable of targeting advertising to a user’s precise location? The gatekeeper of the world’s information could become one of the globe’s biggest Internet providers and one of its most powerful ad sellers, basically supplanting telecoms in one fell swoop.
Not to mention newspapers.
Put this in your time capsule: Within a decade, if they don’t screw up (which is quite possible, especially if the stay as cocky as they’ve become), we’ll be seeing suits and hearings to break up the Google monopoly. The Googlopoly.
Adrian Holovaty, the single most creative person I’ve run across in online news (or the most creative who also actually creates what he dreams up) has incorporated contextual Google Maps into news stories.
Microsoft gets millions in a settlement of a spam suit. How come I didn’t get my share for lost time and sanity and male ego?