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GOOG Up In Mixed Market
Market is mixed mid-day as initial jobless claims beat expectations. Shares of GOOG are up strong with the rest of tech. Investors continue to look for Android momentum in the smartphone and tablet markets worldwide; Motorola acquisition approval and integration; regaining ground in China; resurgence of Google TV and continued growth of YouTube; expansion of social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, daily deals, Google Wallet, Google Music, etc.). The stock trades at approximately 11.2x Enterprise Value / EBIT.The YouTube Restructure Was To Charge Higher Ad Rates (All Things Digital)
YouTube head Salar Kamangar says the YouTube reorganization into channels is so the company can charge more for advertisements. The ad rates (CPMs) for videos YouTube was once known for, like dogs on skateboards, are low because users aren’t very engaged. “But if you packaged those videos as part of a dog-lovers channel or a skateboard channel, the CPM increases substantially,” Kamangarg explained. He also said that YouTube and Google TV will eventually get a lot closer as broadcasters start delivering their content through apps.
Arora To Run Motorola When Deal Closes (Business Insider)
Henry Blodget at Business Insider is hearing rumour that Nikesh Arora, Google’s SVP and Chief Business Officer, will run Motorola once the Google acquisition closes later this year. Arora ran the company’s international business for Eric Schmidt, taking over the global business after the former CEO stepped down. This rumour supports Blodget’s theory that Google CEO Larry Page does not, in fact, intend to sell Motorola’s manufacturing businesses the moment the deal closes.
Google+ Is Adding 75K Users Every Day, Growing Faster Than Facebook Did (Paul Allen Google+)
Google+ now has 100 million users and adds 750,000 new users each day, according to Google+ “unofficial” statistician and Ancestry.com founder Paul Allen. Larry Page said Google+ hit 90 million users during the company’s last conference call to discuss earnings in early January. Google wrapped its social network around search just last month and it looks like it’s paying off so far. In comparison, it took Facebook more than four years to reach 100 million users.
Chrome Market Share Slip Likely Due To The Time Out It Gave Itself (InformationWeek)
Google’s Chrome appears to have hit a wall last month. After gaining global market share every month for two straight years, Chrome usage slipped in January. Chrome’s share of global browser usage, as measured by NetApplications, fell from 19.1% to 18.9%. That’s not a huge reversal, but it’s noteworthy because Chrome has risen so consistently and rapidly. And Google itself might be to blame by violating its own guidelines. The penalty has reduced the Google PageRank of Chrome pages. With less visibility in Google Search, Chrome appears to be attracting fewer new users.
Google Saving The City Of Pittsburgh 25% Over Microsoft (GovFresh)
Pittsburgh Mayor Luke Ravenstahl announced the city has successfully transitioned its email service from Microsoft Exchange to Google Apps for Government. The migration will save the city an estimated 25% in email support costs. That’s a lot of money and a compelling case for other governmental agencies to make the switch from Microsoft to Google.