Google Inc., not content with successfully making the Internet a more useful information hub, has set an even loftier goal for itself: to create a foundation to tackle "the largest problems of the world."
With a thriving enterprise driving such altruism, Google could become one of the big-time do-gooders in the world of corporate philanthropy.
Under the heading "Making the World a Better Place," Google informed potential investors that, "We intend to contribute significant resources to the foundation, including employee time and approximately 1 percent of Google's equity and profits in some form.
Full story at Reuters
Google's Web Ad Gamble: Is This Time Different?
Google Inc. made its name from Internet searches but made its fortune from Web advertising, a near-total reliance on a single revenue source that presents risks for prospective investors, analysts said on Monday.
As it marches toward an initial public offering, Web search giant Google Inc. appears to be following the lead of an earlier generation of Internet firms that bet the farm on online ads and lost when the dot-com bust saw demand for banner ads evaporate. In 2003, 95 percent of Google's revenue of $961.8 million came from a new type of targeted advertisements.
This time around, Internet advertising is a seen as a far more resilient market, but analysts said that depending on it alone it is not without risks for Google.
More at Reuters
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