17 January 2020

Alphabet (Google) Joins the Trillion Dollar Club

This week Google joined Apple, Microsoft and Amazon in the trillion-dollar valuation club. 

Location matters.
Microsoft and Amazon headquarters are 11.7 miles apart.
Apple and Google headquarters are 8.7 miles apart.

In 1901 US Steel became the first billion dollar company.
1955, GM, first to hit $10 billion
1995, GE, first to hit $100 billion
1999, Microsoft, first to hit $500 billion
2018, Apple, first to hit $1 trillion.

Here are some things you may find by googling Google.

Larry Page DOWNLOADED THE INTERNET in 1996 as part of his doctoral work at Stanford.

Larry Page grew up in the Bay Area and his dad was a big Grateful Dead fan, had a weekly radio show about the Dead. When Google could afford it, Larry Page hired a chef who had worked for the Grateful Dead to feed his employees. Every winter they had employee trips up to Squaw Valley and one year, Google employees were coming back to the chef to ask what had been in the ganja goo balls that was making them hallucinate.

3 years ago someone at Google told me they were spending $2 billion a year on employee meals. (Food - the fuel of knowledge workers - is free at Google.) I'm sure that has gone up. I don't think they serve ganja goo balls anymore.

In 1998, Jeff Bezos was so impressed with Page and Brin that he invested $250,000 in Google, buying what is now 6.6 million shares at the equivalent of 4 cents per share. (It closed today at $1,479.52 a share, so up 39,059X on Bezos investment.)

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