Back in 2004 Google carried out its initial public offering of shares, for a price of $85 a piece. A couple of weeks ago these same shares broke the $650 mark, shooting Google’s market capitalization to over $150 billion.
That is more than three times the value of General Motors and Ford combined. Even more interesting is the fact that Google does not sell products. It does not produce anything you can touch. It simply collects and organizes information. All the information.
What can we learn from this? Many things, but perhaps the most important one is the fact that the Internet is revolutionizing the way we communicate, live and work.
Mind you that Google is not an isolated case. Think about Facebook, Digg, Youtube. Better yet, think about how many people are starting to make a living with personal websites. Blogs that are competing head to head with mainstream media.
That is what Daily Bits is about. From software to Web 2.0, from online marketing to social networks. In simple words, your daily dose of Internet and technology.
Originally posted on November 12, 2007 @ 6:39 pm