Google Inc. (GOOG) announced major reductions in its pricing policies for various cloud computing products at the Google Cloud event in San Francisco yesterday, the first among many such announcements planned for the year. Prices for computing-capacity services have been reduced 32%, while data storage has become 68% cheaper for most customers.
Google Inc. (GOOG) is aiming for a slice of Amazon.com Inc.’s (AMZN) pie in a move that signals the search giant’s quest to become a national retailer. The company yesterday announced that it will start overnight delivery services to customers in Northern California, which encompasses over 14 million people.
Google Inc. avoided about US$2-billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.
By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.
Twitch was just acquired by Amazon for $970 million in an all-cash deal. A few months ago, it was looking like Google would be the buyer for $1 billion. No word yet on why the reported Google deal fell through.
The Wall Street Journal has revealed that Amazon.com, Inc. (AMZN) is preparing to enter the online advertising market, directly challenging Google Inc’s (GOOGL) $50 billion a year advertising business.
The Wall Street Journal has reported that Google Inc. (GOOG) has acquired solar atmospheric satellite-maker Titan Aerospace; a company Facebook Inc. (FB) was previously hoping to acquire for $60 million. Google has not yet disclosed what it paid for Titan, but reports indicate that it definitely topped Facebook's offer.
Google has seen a huge uptake in its new "Product Listing Ads" (PLAs) which compete against Amazon for internet shoppers' clicks, and push Amazon's search results lower down Google's listings. Expect analysts to grill Google CEO Larry Page about the effect of PLAs on his Q2 2013 earnings call on Thursday.