![]() On Augthe number of shares outstanding was 172.85 million while the "free float" was 19.60 million (which makes 89% held by insiders). This cost Google some market share, yet Yahoo!'s move highlighted Google's own distinctiveness, and today the verb "to google" has entered a number of languages (first as a slang verb and now as a standard word), meaning "to perform a web search" (a possible indication of "Google" becoming a genericized trademark).Īfter the IPO, Google's stock market capitalization rose greatly and the stock price more than quadrupled. In February 2004, Yahoo! dropped its partnership with Google, providing an independent search engine of its own. ![]() However, the acquisition secured the company's competitive ability to use information gleaned from blog postings to improve the speed and relevance of articles contained in a companion product to the search engine Google News.Īt its peak in early 2004, Google handled upwards of 84.7% of all search requests on the World Wide Web through its website and through its partnerships with other Internet clients like Yahoo!, AOL, and CNN. Some analysts considered the acquisition inconsistent with Google's business model. ![]() In February 2003, Google acquired Pyra Labs, owner of Blogger, a pioneering and leading web log hosting website. ![]()
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