How long will Google’s magic last? It flourished during the first phase of the internet. The next one may be tougher

“Google is not a conventional company. We do not intend to become one,” wrote Larry Page and Sergey Brin, the search firm’s founders, in a letter to investors ahead of its stockmarket flotation in 2004. Since then, Google has burnished its reputation as one of the quirkiest companies on the planet. This year alone it has raised eyebrows by taking a stake in a wind-energy project off the east coast of America and by testing self-driving cars, which have already covered over 140,000 miles (225,000km) on the country’s roads.Google has been able to afford such flights of fancy thanks to its amazingly successful online-search business. This has produced handsome returns for the firm’s investors, who have seen the company transform itself in the space of a mere 12 years from a tiny start-up into a behemoth with a $180 billion market capitalisation that sprawls across a vast headquarters in Silicon Valley known as the Googleplex. Google also stretches across the web like a giant spider, with a leg in everything from online search and e-mail to social networking and web-based software applications, or apps.To read this report in The Economist in full, see:
www.economist.com/node/17633138?story_id=17633138

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