Google says its goal is to build $100 billion company
7:00 pm on Mar 2, 2006 (gmt 0)
Web search leader Google Inc. signalled the company's ambition is to become a $100 billion (57 billion pounds) revenue company and said on Thursday that it plans to put systems in place to help reach that scale during 2006.
"I'll leave it to you to judge whether that is $100 billion in market capitalisation or revenue," Google Chief Executive Eric Schmidt said when discussing priorities for 2006. As of Wednesday, Google's market capitalisation was over $111.5 billion.
no one ever questioned their ambition, but they may end up being their own worst enemy if they keep pushing the copyright laws.
12:27 am on Mar 3, 2006 (gmt 0)
wow, it seems to be an unreachable goal for me
2:07 am on Mar 3, 2006 (gmt 0)
"I'll leave it to you to judge whether that is $100 billion in market capitalisation or revenue,"
This seems like a pretty silly statement. What's wrong with just clarifying your own statement? Maybe the Google CEO is trying to be too cute. The mysticism and secrecy surrounding Google and their doings is getting a bit tedious.
2:34 am on Mar 3, 2006 (gmt 0)
Just say Gpay (Google Wallet), 2% of every internet transaction will just about do it!
5:43 am on Mar 3, 2006 (gmt 0)
I agree it reads like a pretty silly statement. Presumably it was attempted bravado, but which is more likely: that they grow revenues to 16 times what they were last year ($6B), or that their market capitalisation declines by 10 percent?
6:52 am on Mar 3, 2006 (gmt 0)
They're just trying to snooker the joe schmo investor - pull one over on him. For sure, the brokers will quote this guy when pushing a search engine stock for $350 a pop or whatever it is. This thing is getting ready to sink like a stone, and they know it. That's why all the primary option holders divested fast. They didn't wait around for the revenues to balloon to $100 billion. You know what - these guys like Schmidt, Brin, Page, and the others shook off their google stock faster than a dog shakes off fleas. And now where's their money invested - probably real companies like GE, IBM, EXXON, i.e. blue chips for sure.
8:01 am on Mar 3, 2006 (gmt 0)
If anyone was looking for a clear-cut statement that Google is more interested in their stock value than their search results then this is it. No more is their boasts about how many pages they will index or how fast their search is - all that comes out is "please keep paying huge amounts for our over-inflated shares" ..... (well, that's what it all sounds like to me) ..... I wouldn't be suprised if they were deliberately not fixing their lousy search results. It gives them an "the-only-way-is-up" image whereas if their search engine was any good investors would be waiting for the crash.
Also, I noticed that the minimum bid on most of my keywords jumped up lately. Do I care if Google makes their £100 billion target? Hell yes, because its guys like me they're going to squeeze those extra pennys from!
9:36 am on Mar 3, 2006 (gmt 0)
Well, of course this is a tactical statement at a sensitive time for Google (especially with their stock taking a hit).
But... somehow I think they need to catch up to their own hype a bit before they can start any more massive growth, or their organization just won't be able to keep up.
9:01 pm on Mar 3, 2006 (gmt 0)
Well I find this talk very inspiring.
I have less ambitious goals but I'll say it right here first. WW gets the exclusive.
My goal is to build a $99 billion dollar company and will outline steps to achieve it by the end of 2007.
3:09 am on Mar 4, 2006 (gmt 0)
"My goal is to build a $99 billion dollar company and will outline steps to achieve it by the end of 2007."
Will that be $99 b capitalization or revenue?":)
12:33 pm on Mar 4, 2006 (gmt 0)
Well, they're gonna have to find some way to pay for the Googlunaplex [google.com].
4:47 pm on Mar 4, 2006 (gmt 0)
Whichever one Google meant ;)
1:18 am on Mar 5, 2006 (gmt 0)
Some of you make it sound like he said they'd reach that goal this year. He just seems to be saying they'll reach $100B in revenue some day, and they'll take the steps to put them on that path this year.
Maybe he's right and maybe he isn't, but it doesn't seem like a statement worth paying much attention to either way.
2:47 am on Mar 5, 2006 (gmt 0)
How are they going to do this? By trying to squeeze even more adwords revenue out of us. I'm sick of seeing adwords plastered on almost every website already...
7:26 pm on Mar 5, 2006 (gmt 0)
...When your company name reaches $100usd per click as a keyword.
12:20 pm on Mar 13, 2006 (gmt 0)
Google market capitalisation is approximately $102 Billion. What does google mean by its goal is to build $100 billion company
12:23 am on Mar 22, 2006 (gmt 0)
GOOGLE market cap was $125+ billion before GOOG shares tanked and now it has 20billion wiped its market cap.
The CEO just spun up "imaginary" news to excite investors. I believe he was trying to make them believe Google will aim to make $100billion a year in revenues.