It may be hard to imagine now, but Google Inc (NASDAQ:GOOGL) wasn’t always a darling in the stock world. In fact, the search engine giant’s battle for a prime place in investors’ hearts took it through ‘bear’ after ‘bear’, who didn’t believe in the company or the sustainability of their service, according to analyst and investor Jim Cramer today on CNBC.
Speaking with Cramer on Mad Money six years ago, then-CEO and current executive chairman of Google Inc (NASDAQ:GOOGL), Eric Schmidt, had this to say about his company’s future vision, so shown on today’s segment.
“Google is growing. And we’re growing globally; we have a lot of new products coming, you’ve already talked about Android, which I know you’re very interested in. There’s a lot more stuff coming. But I will tell you that core search is not solved yet. We still have too many answers. The web is getting so much larger, we got to introduce all of these other technologies and content and so forth into it. So I think there’s a lot of new search coming,” Schmidt said at the time.
Indeed, Google Inc (NASDAQ:GOOGL) has only flourished all the more with each new service they have introduced, all of which intrinsically tie back into their core search business and improve it. Their ability to adapt search for mobile has also been tremendously important, to the point that Cramer says Google Inc (NASDAQ:GOOGL) did not know what they had themselves, given that mobile search was barely on anyone’s radar yet.
About the only thing Google Inc (NASDAQ:GOOGL) had missed the boat on was social, though, as Cramer pointed out, they are in a position now where they could go buy social, in the form of Twitter Inc (NYSE:TWTR) today if they wanted to. Of course Google now has Google+ as well, which is currently the second largest social media destination behind only Facebook Inc (NASDAQ:FB).
Disclosure: none
Suggested Articles:
