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Thursday, April 5, 2012
Google's Larry Page Focuses on Long Term Bets
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In an unusual move, Google co-founder Larry Page posted
online his thoughts about the challenges ahead, the
success of Google+ social network and he reiterated the
Google's commitment to making long-term bets.
Page posted his reflections on Google's website for
investors and his personal Google+ page.
He talked about Google's effort to create a simple
experience across Google, making its products work
together seamlessly.
Page said that basic actions like sharing or
recommendations is perectly offered through Google+,
which creates a social layer across all Google's
products so users connect with the people who matter to
them. He added that over 100 million users are active on
Google+.
Google CEO also welcomed ITA Software to the Google
family. They have strong relationships with the airline
industry, and using that data Google can now provide more
relevant results for travel queries.
Talking about Android, Page said that over 850,000
devices are activated daily through a network of 55
manufacturers and more than 300 carriers.
He signaled Google's intentions to make hardware devices
when its $12.5 billion acquisition of Motorola Mobility
Holdings closes later this year, even as some observers
have speculated that Google was only interested in the
company for its extensive patent portfolio.
"We are excited about the opportunities to build great
devices capitalizing on the tremendous success and growth
of Android and Motorola's long history of technological
innovation," Page wrote.
"Our goal is long-term growth in revenue and absolute
profit?so we invest aggressively in future innovation
while tightly managing our short-term costs," Page wrote.
Talking about the recent changes Google made to its
privacy policies, Page said that they would create "an
intuitive experience across Google", which is the
company's key focus for 2012.
Larry Page's letter can be accessed here |
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