Twelve years ago, two Stanford University students created a new internet service, which turned out to be the best single business idea in history, with turnover in excess of $21 billion (£13.6 billion) during 2008.
Yet, a month after marking its entry into the corporate establishment - by playing host to the Queen - even Google has admitted that it can no longer defy the elementary laws of economic gravity.
The company is is cutting back its workforce - although not the permanent staff. Instead, it is reducing its 10,000-strong army of contractors, who are not entitled to the same benefits as full-time employees.
Well well well - seems like even Google is feeling the credit crunch now !! read full article from Times Online here.
Online Investment
Google, job cuts, Online Investment
As Microsoft continues its struggle for relevance in Internet services, the latest numbers seem to tell a confusing story. Depending on the headline you read, Microsoft is either treading water or losing ground to Google. A closer look at two takes on the Microsoft search share show that it’s a half-full/half-empty situation with a worrisome long-term trend.
Based on Neilsen data, SearchEngineWatch is saying that Microsoft and Yahoo have lost ground in the past year. Most of that lost traffic has gone to Google; the search giant gained 8 percent year-over-year, while Microsoft and Yahoo lost 19 percent and 12 percent, respectively. Even if you were to combine the search share of Yahoo and Microsoft, it would be less than half of Google’s share.
Perhaps it is time that Microsoft (and Yahoo! for that matter) admitted defeat in the dot.com arena ?
Read the full story on Informationweek.com
Online Investment
Google, Internet, Microsoft, Online Investment