Google Google Inc. (NASDAQ: GOOG, FWB: GGQ1) is a multinational public cloud computing and Internet search technologies corporation. Google hosts and develops a number of Internet-based services and products,[5] and generates profit primarily from advertising through its AdWords program.[2][6] The company was founded by Larry Page and Sergey Brin, often dubbed the "Google Guys",[7][8][9][10] while the two were attending Stanford University as Ph.D. candidates. It was first incorporated as a privately held company on September 4, 1998, with its initial public offering to follow on August 19, 2004. The company's stated mission from the outset was "to organize the world's information and make it universally accessible and useful",[11] and the company's unofficial slogan – coined by Google engineer Paul Buchheit – is Don't be evil.[12][13] In 2006, the company moved to their current headquarters in Mountain View, California. Google runs over one million servers in data centers around the world,[14] and processes over one billion search requests[15] and twenty petabytes of user-generated data every day.[16][17][18] Google's rapid growth since its incorporation has triggered a chain of products, acquisitions and partnerships beyond the company's core search engine. The company offers online productivity software, such as its Gmail e-mail software, and social networking tools, including Orkut and, more recently, Google Buzz. Google's products extend to the desktop as well, with applications such as the web browser Google Chrome, the Picasa photo organization and editing software, and the Google Talk instant messaging application. More notably, Google leads the development of the Android mobile phone operating system, used on a number of HTC phones such as the Nexus One and Droid Eris. Because of its popularity and numerous products, Alexa lists Google as the Internet's most visited website.[19] Google is also Fortune Magazine's fourth best place to work,[20] and BrandZ's most powerful brand in the world.[21] However, the company has also faced criticism over issues relating to the privacy of personal information, copyright, and censorship. Google began in January 1996 as a research project by Larry Page and Sergey Brin when they were both PhD students at Stanford University in California.[22] While conventional search engines ranked results by counting how many times the search terms appeared on the page, the two theorized about a better system that analyzed the relationships between websites.[23] They called this new technology PageRank, where a website's relevance was determined by the number of pages, and the importance of those pages, that linked back to the original site.[24] A small search engine called Rankdex was already exploring a similar strategy.[25] Page and Brin originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a site.[26][27] Eventually, they changed the name to Google, originating from a misspelling of the word "googol",[28][29] the number one followed by one hundred zeros, which was meant to signify the amount of information the search engine was to handle. Originally, Google ran under the Stanford University website, with the domain google.stanford.edu. The domain google.com was registered on September 15, 1997,[30] and the company was incorporated on September 4, 1998, at a friend's garage in Menlo Park, California. Financing and initial public offering The first funding for Google was an August 1998 contribution of US$100,000 from Andy Bechtolsheim, co-founder of Sun Microsystems, given before Google was even incorporated.[31] On June 7, 1999, a $25 million round of funding was announced,[32] with major investors including the venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital.[31] Google's initial public offering took place five years later on August 19, 2004. The company offered 19,605,052 shares at a price of $85 per share.[33][34] Shares were sold in a unique online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal.[35][36] The sale of $1.67 billion gave Google a market capitalization of more than $23 billion.[37] The vast majority of the 271 million shares remained under the control of Google, and many Google employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefited because it owned 8.4 million shares of Google before the IPO took place.[38] The stock's performance after the IPO went well, with shares hitting $700 for the first time on October 31, 2007,[39] primarily because of strong sales and earnings in the online advertising market.[40] The surge in stock price was fueled mainly by individual investors, as opposed to large institutional investors and mutual funds.[40] The company is now listed on the NASDAQ stock exchange under the ticker symbol GOOG and under the Frankfurt Stock Exchange under the ticker symbol GGQ1. Growth In March 1999, the company moved its offices to Palo Alto, California, home to several other noted Silicon Valley technology startups.[41] The next year, against Page and Brin's initial opposition toward an advertising-funded search engine,[42] Google began selling advertisements associated with search keywords.[22] In order to maintain an uncluttered page design and increase speed, advertisements were solely text-based. Keywords were sold based on a combination of price bids and clickthroughs, with bidding starting at five cents per click.[22] This model of selling keyword advertising was first pioneered by Goto.com, an Idealab spin off created by Bill Gross.[43][44] When the company changed names to Overture Services, it sued Google over alleged infringements of the company's pay-per-click and bidding patents. Overture Services would later be bought by Yahoo! and renamed Yahoo! Search Marketing. The case was then settled out of court, with Google agreeing to issue shares of common stock to Yahoo! in exchange for a perpetual license.[45] During this time, Google was granted a patent describing their PageRank mechanism.[46] The patent was officially assigned to Stanford University and lists Lawrence Page as the inventor. In 2003, after outgrowing two other locations, the company leased their current office complex from Silicon Graphics at 1600 Amphitheatre Parkway in Mountain View, California.[47] The complex has since come to be known as the Googleplex, a play on the word googolplex, the number one followed by a googol zeroes. Three years later, Google would buy the property from SGI for $319 million.[48] By that time, the name "Google" had found its way into everyday language, causing the verb "google" to be added to the Merriam Webster Collegiate Dictionary and the Oxford English Dictionary, denoted as "to use the Google search engine to obtain information on the Internet."[49][50] Acquisitions and partnerships See also: List of acquisitions by Google Since 2001, Google has acquired many companies, mainly focusing on small venture capital companies. In 2004, Google acquired Keyhole, Inc..[51] The start-up company developed a product called Earth Viewer that gave a 3-D view of the Earth. Google renamed the service to Google Earth in 2005. Two years later, Google bought the online video site YouTube for $1.65 billion in stock.[52] On April 13, 2007, Google reached an agreement to acquire DoubleClick for $3.1 billion, giving Google valuable relationships that DoubleClick had with Web publishers and advertising agencies.[53] Later that same year, Google purchased GrandCentral for $50 million.[54] The site would later be changed over to Google Voice. On August 5, 2009, Google bought out its first public company, purchasing video software maker On2 Technologies for $106.5 million.[55] Google also acquired Aardvark, a social network search engine, for $50 million. Google commented in their internal blog, "we're looking forward to collaborating to see where we can take it".[56]And, in April 2010, Google announced it had acquired a hardware startup, Agnilux.[57] In addition to the numerous companies Google has purchased, the company has partnered with other organizations for everything from research to advertising. In 2005, Google partnered with NASA Ames Research Center to build 1,000,000 square feet (93,000 m2) of offices.[58] The offices would be used for research projects involving large-scale data management, nanotechnology, distributed computing, and the entrepreneurial space industry. Later that year, Google entered into a partnership with Sun Microsystems in October 2005 to help share and distribute each other's technologies.[59] The company also partnered with AOL of Time Warner,[60] to enhance each other's video search services. Google's 2005 partnerships also included financing the new .mobi top-level domain for mobile devices, along with other companies including Microsoft, Nokia, and Ericsson.[61] Google would later launch "Adsense for Mobile", taking advantage of the emerging mobile advertising market.[62] Increasing their advertising reach even further, Google and Fox Interactive Media of News Corp. entered into a $900 million agreement to provide search and advertising on popular social networking site MySpace.[63] In 2007, Google began sponsoring NORAD Tracks Santa, a service that pretends to follow Santa Claus' progress on Christmas eve.[64][65][66] Though AOL had previously been the sponsor and key partner for the program, Google displaced the Time Warner company, using Google Earth to "track Santa" in 3-D for the first time.[67] Furthermore, video sharing site YouTube, owned by Google, gave NORAD Tracks Santa its own channel as part of the partnership.[68] In 2008, Google developed a partnership with GeoEye to launch a satellite providing Google with high-resolution (0.41 m monochrome, 1.65 m color) imagery for Google Earth. The satellite was launched from Vandenberg Air Force Base on September 6, 2008.[69] Google also announced in 2008 that it was hosting a archive of Life Magazine's photographs as part of its latest partnership. Some of the images in the archive were never published in the magazine.[70] The photos were watermarked and originally had copyright notices posted on all photos, regardless of public domain status.[71] Products and services Google appliance as shown at RSA Conference 2008 Main article: List of Google products Advertising Ninety-nine percent of Google's revenue is derived from its advertising programs.[72] For the 2006 fiscal year, the company reported $10.492 billion in total advertising revenues and only $112 million in licensing and other revenues.[73] Google has implemented various innovations in the online advertising market that helped propel them to one of the biggest advertisers in the market. Using technology from the company DoubleClick, Google can determine user interests and target advertisements appropriately so they are relevant to the context they are in and the user that is viewing them.[74][75] Google Analytics allows website owners to track where and how people use their website, allowing for in-depth research into getting users to go where you want them to go.[76] Google advertisements can be placed on third-party websites in a two-part program. Google's AdWords allows advertisers to display their advertisements in the Google content network, through either a cost-per-click or cost-per-view scheme. The sister service, Google AdSense, allows website owners to display these advertisements on their website, and earn money every time ads are clicked.[77] One of the disadvantages and criticisms of this program is Google's inability to combat click fraud, when a person or automated script "clicks" on advertisements without being interested in the product, just to earn money for the website owner. Industry reports in 2006 claim that approximately 14 to 20 percent of clicks were in fact fraudulent or invalid.[78] In June 2008, Google reached an advertising agreement with Yahoo!, which would have allowed Yahoo! to feature Google advertisements on their web pages. The alliance between the two companies was never completely realized due to antitrust concerns by the U.S. Department of Justice. As a result, Google pulled out of the deal in November 2008.[79][80] Search engine Google's search engine in March 2010. The Google web search engine is the company's most popular service. According to market research published by comScore in November 2009, Google is the dominant search engine in the United States market, with a market share of 65.6%.[81] Google indexes billions of Web pages, so that users can search for the information they desire, through the use of keywords and operators. This basic search engine has spread to specific services as well, including an image search engine, the Google News search site, Google Maps, and more. In early 2006, the company launched Google Video, which allowed users to upload, search, and watch videos from the Internet.[82] In 2009, however, uploads to Google Video were discontinued.[83] The company even developed Google Desktop, a desktop search application used to search for files local to one's computer. One of the more controversial search services Google hosts is Google Books. The company began scanning books and uploading limited previews, and full books where allowed, into their new book search engine. However, a number of copyright disputes arose, and Google reached a revised settlement in 2009 to limit its scans to books from the U.S., the U.K., Australia and Canada.[84] Furthermore, the Paris Civil Court ruled against Google in late 2009, asking them to remove the works of La Martinière (Éditions du Seuil) from their database.[85] In competition with Amazon.com, Google plans to sell digital versions of new books.[86] Productivity tools In addition to its standard web search services, Google has released over the years a number of online productivity tools. Gmail, a free webmail service provided by Google, was launched as an invitation-only beta program on April 1, 2004,[87] and became available to the general public on February 7, 2007.[88] The service was upgraded from beta status on July 7, 2009,[89] at which time it had 146 million users monthly.[90] The service would be the first online email service with one gigabyte of storage, and the first to keep emails from the same conversation together in one thread, similar to an Internet forum.[87] The service currently offers over 7400 MB of free storage with additional storage ranging from 20 GB to 16 TB available for US$5 to $4,056 per year.[91] Furthermore, software developers know Gmail for its pioneering use of AJAX, a programming technique that allows web pages to be interactive without refreshing the browser.[92] Google Docs, another part of Google's productivity suite, allows users to create, edit, and collaborate on documents in an online environment, not dissimilar to Microsoft Word. The service was originally called Writely, but was obtained by Google on March 9, 2006, where it was released as an invitation-only preview.[93] On June 6 after the acquisition, Google created an experimental spreadsheet editing program,[94] which would be combined with Google Docs on October 10.[95] A program to edit presentations would complete the set on September 17, 2007,[96] before all three services were taken out of beta along with Gmail on July 7, 2009.[89] Google Calendar, a calendar program closely integrated with Gmail,[97] was also taken out of beta that day after its beta release on April 12, 2006.[98] Other products Google Translate aka Google Language Tools is a server-side machine translation service, which can translate 35 different languages to each other, forming 595 language pairs. Browser extension tools (such as Firefox extensions) allow for easy access to Google Translate from the browser. The software uses corpus linguistics techniques from translated documents, (such as United Nations documents,[citation needed] which are professionally translated) to extract translations accurate up to 88 percent. A "suggest a better translation" feature appears with the original language text in a pop-up text field, allowing users to indicate where the current translation is incorrect or else inferior to another translation. In 2007, some reports surfaced that Google was planning the release of its own mobile phone, possibly a competitor to Apple's iPhone.[99][100][101] The project, called Android, turned out not to be a phone but an operating system for mobile devices, which Google released as an open-source project under the Apache 2.0 license.[102] Google provides a standard development kit for developers so applications can be created to be run on Android-based phone. In September 2008, T-Mobile released the G1, the first Android-based phone.[103] More than a year later on January 5, 2010, Google released an Android phone under its own company name called the Nexus One.[104] On September 1, 2008, Google pre-announced the upcoming availability of Google Chrome, an open-source web browser,[105] which was released on September 2, 2008. On May 27, 2009, Google announced plans to develop Google Wave, a product that helps users communicate and collaborate on the web. A "wave" is equal parts conversation and document, where users can almost instantly communicate and work together with richly formatted text, photos, videos, maps, and much more. Google Wave is currently still in what the company calls "preview mode," in which a potential user must request access |last2= |first2= from Google to be given a Wave account. On 7 July 2009, Google announced the project to develop Google Chrome OS, an open-source Linux-based operating system in a "window of opportunity".[106][107] Enterprise products Google entered the enterprise market in February 2002 with the launch of its Google Search Appliance, targeted toward providing search technology to larger organizations.[108] Providing search for a smaller document repository, Google launched the Mini in 2005. Late in 2006, Google began to sell Custom Search Business Edition, providing customers with an advertising-free window into Google.com's index.[109] In 2008, Google re-branded its next version of Custom Search Business Edition as Google Site Search.[109] In 2007, Google launched Google Apps Premier Edition, a version of Google Apps targeted primarily at the business user. It includes such extras as more disk space for e-mail, API access, and premium support, for a price of $50 per user per year. A large implementation of Google Apps with 38,000 users is at Lakehead University in Thunder Bay, Ontario, Canada.[110] Also in 2007, Google acquired Postini[111] and continued to sell the acquired technology[112] as Google Security Services.[113] Corporate affairs and culture Left to right, Eric E. Schmidt, Sergey Brin and Larry Page Google is known for its informal corporate culture, of which the many playful variation on the Google logo are an indicator. In 2007 and 2008, Fortune Magazine placed Google at the top of its list of the hundred best places to work.[20] Google's corporate philosophy embodies such casual principles as "you can make money without doing evil," "you can be serious without a suit," and "work should be challenging and the challenge should be fun."[114] Google has been criticized for having salaries below industry standards.[115] For example, some system administrators earn no more than $35,000 per year – considered to be quite low for the Bay Area job market.[116] However, Google's stock performance following its IPO has enabled many early employees to be competitively compensated by participation in the corporation's remarkable equity growth.[117] After the company's IPO in August 2004, it was reported that founders Sergey Brin and Larry Page, and CEO Eric Schmidt, requested that their base salary be cut to $1.[118] Subsequent offers by the company to increase their salaries have been turned down, primarily because, "their primary compensation continues to come from returns on their ownership stakes in Google. As significant stockholders, their personal wealth is tied directly to sustained stock price appreciation and performance, which provides direct alignment with stockholder interests."[118] Prior to 2004, Schmidt was making $250,000 per year, and Page and Brin each earned a salary of $150,000.[dubious – discuss][118] They have all declined recent offers of bonuses and increases in compensation by Google's board of directors. In a 2007 report of the United States' richest people, Forbes reported that Sergey Brin and Larry Page were tied for #5 with a net worth of $18.5 billion each.[119] In 2007 and through early 2008, Google has seen the departure of several top executives. Gideon Yu, former chief financial officer of YouTube, a Google unit, joined Facebook[120] along with Benjamin Ling, a high-ranking engineer, who left in October 2007.[121] In March 2008, two senior Google leaders announced their desire to pursue other opportunities. Sheryl Sandburg, ex-VP of global online sales and operations began her position as COO of Facebook[122] while Ash ElDifrawi, former head of brand advertising, left to become CMO of Netshops Inc.[123] Google's persistent cookie and other information collection practices have led to concerns over user privacy. As of December 11, 2007, Google, like the Microsoft search engine, stores "personal information for 18 months" and by comparison, AOL (Time Warner) "retain[s] search requests for 13 months",[124] and Yahoo! 90 days.[125] U.S. District Court Judge Louis Stanton, on July 1, 2008 ordered Google to give YouTube user data / log to Viacom to support its case in a billion-dollar copyright lawsuit against Google.[126][127] Google and Viacom, however, on July 14, 2008, agreed in compromise to protect YouTube users' personal data in the $1 billion copyright lawsuit. Google agreed it will make user information and Internet protocol addresses from its YouTube subsidiary anonymous before handing over the data to Viacom. The privacy deal also applied to other litigants including the FA Premier League, the Rodgers & Hammerstein Organisation and the Scottish Premier League.[128][129] The deal however did not extend the anonymity to employees, since Viacom would prove that Google staff are aware of uploading of illegal material to the site. The parties therefore will further meet on the matter lest the data be made available to the court.[130] Googleplex The Googleplex Main article: Googleplex Google's headquarters in Mountain View, California is referred to as "the Googleplex" in a play of words; a googolplex being 1010100, or a one followed by a googol of zeros, and the HQ being a complex of buildings (cf. multiplex, cineplex, etc). The lobby is decorated with a piano, lava lamps, old server clusters, and a projection of search queries on the wall. The hallways are full of exercise balls and bicycles. Each employee has access to the corporate recreation center. Recreational amenities are scattered throughout the campus and include a workout room with weights and rowing machines, locker rooms, washers and dryers, a massage room, assorted video games, foosball, a baby grand piano, a pool table, and ping pong. In addition to the rec room, there are snack rooms stocked with various foods and drinks.[131] Sign at the Googleplex In 2006, Google moved into 311,000 square feet (28,900 m2) of office space in New York City, at 111 Eighth Ave. in Manhattan.[132] The office was specially designed and built for Google and houses its largest advertising sales team, which has been instrumental in securing large partnerships, most recently deals with MySpace and AOL.[132] In 2003, they added an engineering staff in New York City, which has been responsible for more than 100 engineering projects, including Google Maps, Google Spreadsheets, and others.[132] It is estimated that the building costs Google $10 million per year to rent and is similar in design and functionality to its Mountain View headquarters, including foosball, air hockey, and ping-pong tables, as well as a video game area.[132] In November 2006, Google opened offices on Carnegie Mellon's campus in Pittsburgh.[133] By late 2006, Google also established a new headquarters for its AdWords division in Ann Arbor, Michigan.[134] Furthermore, Google has offices all around the world, and in the United States, including Atlanta, Austin, Boulder, San Francisco, Seattle, and Washington DC. Google is taking steps to ensure that their operations are environmentally sound. In October 2006, the company announced plans to install thousands of solar panels to provide up to 1.6 megawatts of electricity, enough to satisfy approximately 30% of the campus' energy needs.[135] The system will be the largest solar power system constructed on a U.S. corporate campus and one of the largest on any corporate site in the world.[135] Google has faced accusations in Harper's Magazine[136] of being extremely excessive with their energy usage, and were accused of employing their "Don't be evil" motto as well as their very public energy saving campaigns as means of trying to cover up or make up for the massive amounts of energy their servers actually require. In 2009 Google announced it was deploying herds of goats to keep grassland around the Googleplex short, helping to prevent the threat from seasonal bush fires while also reducing the carbon footprint of mowing the extensive grounds.[137][138] Innovation Time Off As a motivation technique (usually called Innovation Time Off), all Google engineers are encouraged to spend 20% of their work time (one day per week) on projects that interest them. Some of Google's newer services, such as Gmail, Google News, Orkut, and AdSense originated from these independent endeavors.[139] In a talk at Stanford University, Marissa Mayer, Google's Vice President of Search Products and User Experience, stated that her analysis showed that 50% of the new product launches originated from the 20% time.[140] Easter eggs and April Fool's Day jokes Main article: Google's hoaxes Google has a tradition of creating April Fool's Day jokes—such as Google MentalPlex, which allegedly featured the use of mental power to search the web.[141] In 2002, they claimed that pigeons were the secret behind their growing search engine.[142] In 2004, they featured Google Lunar (which claimed to feature jobs on the moon),[143] and in 2005, a fictitious brain-boosting drink, termed Google Gulp was announced.[144] In 2006, they came up with Google Romance, a hypothetical online dating service.[145] In 2007, Google announced two joke products. The first was a free wireless Internet service called TiSP (Toilet Internet Service Provider)[146] in which one obtained a connection by flushing one end of a fiber-optic cable down their toilet and waiting only an hour for a "Plumbing Hardware Dispatcher (PHD)" to connect it to the Internet.[146] Additionally, Google's Gmail page displayed an announcement for Gmail Paper, which allows users of their free email service to have email messages printed and shipped to a snail mail address.[147] In 2010, for April Fool's Day, Google jokingly changed its company name to Topeka.[148][149] This was in honor of Topeka, Kansas, the mayor of which actually changed its name to Google for a short amount of time in an attempt to sway Google's decision in its new Google Fiber Project. Google's services contain a number of Easter eggs; for instance, the Language Tools page offers the search interface in the Swedish Chef's "Bork bork bork," Pig Latin, "Hacker" (actually leetspeak), Elmer Fudd, and Klingon.[150] In addition, the search engine calculator provides the Answer to the Ultimate Question of Life, the Universe, and Everything from Douglas Adams' The Hitchhiker's Guide to the Galaxy.[151] As Google’s search box can be used as a unit converter (as well as a calculator), some non-standard units are built in, such as the Smoot. A newly discovered easter egg is the spell-checker's result for the properly spelled word "recursion". The spell-checker built into Google search returns "Did you mean: recursion?" in a recursive link back to the same page.[152] In Google Maps, searching for directions between places, such as Los Angeles and Tokyo results in one direction being "kayak across the Pacific Ocean." Google also routinely modifies its logo in accordance with various holidays or special events throughout the year, such as Christmas, Mother's Day, or the birthdays of various notable individuals.[153] Other logo switches are based on search terms. For instance, if the term "ascii art" (all lower-case required) is searched, an ASCII art version of the Google logo will appear next to the search box.[154] IPO and culture Many people speculated that Google's IPO would inevitably lead to changes in the company's culture,[155] because of shareholder pressure for employee benefit reductions and short-term advances, or because a large number of the company's employees would suddenly become millionaires on paper. In a report given to potential investors, co-founders Sergey Brin and Larry Page promised that the IPO would not change the company's culture.[156] Later Mr. Page said, "We think a lot about how to maintain our culture and the fun elements. We spent a lot of time getting our offices right. We think it's important to have a high density of people. People are packed together everywhere. We all share offices. We like this set of buildings because it's more like a densely packed university campus than a typical suburban office park."[157] However, in 2005, articles in The New York Times and other sources began suggesting that Google had lost its anti-corporate, no evil philosophy.[158][159][160] In an effort to maintain the company's unique culture, Google has designated a Chief Culture Officer in 2006, who also serves as the Director of Human Resources. The purpose of the Chief Culture Officer is to develop and maintain the culture and work on ways to keep true to the core values that the company was founded on in the beginning—a flat organization with a collaborative environment.[161] Google has faced allegations of sexism and ageism from former employees.[162][163] Philanthropy Main article: Google.org In 2004, Google formed a not for-profit philanthropic wing, Google.org, with a start-up fund of $1 billion.[164] The express mission of the organization is to create awareness about climate change, global public health, and global poverty. One of its first projects is to develop a viable plug-in hybrid electric vehicle that can attain 100 mpg. The founder is Dr Larry Brilliant[165] and the current director is Megan Smith.[166] In 2008 Google announced its "project 10100" which accepted ideas for how to help the community and then will allow Google users to vote on their favorites.[167] Network neutrality Google is a noted supporter of network neutrality. According to Google's Guide to Net Neutrality: Network neutrality is the principle that Internet users should be in control of what content they view and what applications they use on the Internet. The Internet has operated according to this neutrality principle since its earliest days... Fundamentally, net neutrality is about equal access to the Internet. In our view, the broadband carriers should not be permitted to use their market power to discriminate against competing applications or content. Just as telephone companies are not permitted to tell consumers who they can call or what they can say, broadband carriers should not be allowed to use their market power to control activity online. [168] On February 7, 2006, Vinton Cerf, a co-inventor of the Internet Protocol (IP), and current Vice President and "Chief Internet Evangelist" at Google, in testimony before Congress, said, "allowing broadband carriers to control what people see and do online would fundamentally undermine the principles that have made the Internet such a success."[169] "Google Guys" Left: Sergey Brin. Right: Larry Page The term "Google Guys" refers to the founders of Google, Sergey Brin and Larry Page. The term applies to them as a group because their fortunes are directly linked with the success of Google, since they both hold a roughly equal number of the company's shares and therefore have the same voting power, and they are considered to have roughly the same amount of influence over the company. [170]The nickname originated from a Playboy interview with the duo in September 2004, in an article entitled "Google Guys, America's Newest Billionaires". This was the first interview that the duo gave after Google's initial public offering in the previous month, which made them both billionaires. Because of the IPO, they were both more open about the company's history and policies than they had been in previous interviews. Google's CEO, Eric E. Schmidt, also wields considerable power over the company and is sometimes included among the "Guys". However, his net worth is considerably less than that of the two founders of Google.[171] Following Google's IPO, in 2004, the net worth of both individuals was a reported US$4 billion, tying them with each other as the 43rd richest Americans. The following year, their wealth grew to $11 billion each. [172] They each lost $1 billion in wealth in 2006 when Google performed a stock sell-off. [173] The two typically diversify their net worth outside of the company. From 2004 to 2006, they each sold about 7.2 million Google shares as part of an 18-month diversification plan, giving them each $1.22 billion, making them billionaires in terms of real money rather than in shares only. After the sale, the Google Guys each still held 81.1% of their stock holdings. Together with company CEO Schmidt, they now hold 27% of Google's outstanding shares, and 40.4% of the voting power.[174][dated info] In 2010, Forbes magazine listed both individuals as the 24th richest people in the world, with a net worth of $17.5 billion each.[175] The two were chosen as ABC News's "People of the Year" for 2004.[176] They were also jointly chosen as Time magazine's "Person of the Decade" for the 2000s. [177]