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GOOG Sliding With Markets
Stocks were up in early trading but started sliding in the red an hour after the open on chips stocks losses. Shares of GOOG have also crossed the flat line into the negative. Google will announce earnings on Thursday, July 19. Investors continue look for Android momentum and monetization on smartphones and tablets; integration of Motorola; regaining ground in China; the resurgence of Google TV; continued growth of YouTube; expansion of social network Google +; and progress in other initiatives (location-based services, mapping, Google Wallet, Google Music, etc.). The stock trades at approximately 10.5x Enterprise Value / EBIT.More Evidence That Google+ Is A Wasteland (Visua.ly)
In the marketing community, Google+ is touted as the marketers dream platform. Features such as Ripples and the Circles function do seem incredibly appealing. It’s fair to say that the audience segmentation and targeting options are unparalleled and in a marketer’s perfect world, everyone would be using the service. But no real people in the real world are using Google+. Based on anecdotal and statistical information, it seems as though the only people that are truly involved in any sort of Google+ community are the people that stand to benefit from widespread uptake of the platform.
Class Is In Session At Google (The Wall Street Journal)
GoogleEDU is the company’s two-year-old learning and leadership-development program. It is formalising learning at the company in an entirely new way, relying on data analytics and other measures to ensure it is teaching employees what they need to know to keep profits humming. Last year, Google offered more classes to more employees than it ever has before, with about a third of its 33,100-strong global workforce going through the in-house program. It cut classes that didn’t work and retooled others. “What’s important is that it aligns with our overall business strategy,” says Karen May, Google’s vice president of leadership and talent, who has led the revamping of GoogleEDU.
Is Google A Monopoly Is The Wrong Question (Bloomberg)
Google responded last week to European antitrust regulators investigating a long list of claims against the world’s largest search engine. Whether or not the complaints against Google are valid, they may be looking backward. Increasingly, Google is not a search engine. While Google is likely to agree to better labelling of its search results to more clearly show Google’s commercial relationships to particular links, this may be a solution to a fading problem. As “search” becomes an anachronism and personalisation the new normal, we’ll have deeper issues to deal with.
Google Slaps Oracle With Legal Bill (Search Engine Watch)
Google has asked Oracle to pay the $4 million legal costs it accrued as part of the Java dispute between the two. In a court filing, the search giant asked that Oracle pay costs including printing and copy fees, compensation for expert appointments and filing fees for both printed and electronic excerpts over the course of the case. While the $4 million bill wouldn’t pose any significant financial damage to Oracle, the filing adds salt to Oracle’s wounds following its failed attempt to win damages from Google for copyright and patent infringement. This one is definitely not going in Larry Ellison’s “win” pile.
CHART OF THE DAY: Google Search Is Still Growing (Business Insider)
Google is still growing. Searches continue to rise on a year-over-year basis. We spend so much time thinking about the growth of social companies like Facebook, Twitter, and Pinterest, it’s easy to forget Google is still getting more and more queries.