Google Launching Groupon Competitor, Larry Page Now CEO (GOOG)

Google Offers via Mashable
Interesting day yesterday for Google (GOOG). Here's what happened.

1) They beat earnings estimates

Google Announces Fourth Quarter and Fiscal Year 2010 Results and Management Changes (Google Press Release)

Instant view: Google profit beats, Page becomes CEO (Reuters)



2) Co-founder Larry Page replaced Eric Schmidt as CEO (remains Executive Chairman)

Schmidt Named Executive Chairman of Google as Co-Founder Page Becomes CEO (Bloomberg)

Power Shifts Atop Google (WSJ)

Google’s Management Shift: What Now for M.&A.? (DealBook)

John Battelle's Bloomberg Interview on Google Management Changes (Bloomberg Video)

Henry Blodget: Let's Be Serious: Eric Schmidt Got Canned (Business Insider)

Why Is Eric Schmidt Stepping Down at Google? (New Yorker)

"Day-to-day adult supervision no longer needed!" - (Eric Schmidt on Twitter)

An update from the Chairman (Google Blog)


3) Google is launching a Groupon competitor called Google Offers

Google to Launch Groupon Competitor [EXCLUSIVE] (Mashable)

What Does Google Offers Mean for Groupon? [OP-ED] (Mashable)

Google Offers: Group buying, Groupon- and LivingSocial-killer (Computer world)



4) Eric Schmidt is set to sell 534,000 shares. He would still own 8.7 million shares, down from 9.2 million. That's $335 million at todays price. Not bad! (SEC 8-K Filing).

Comments

  1. Google plans to hire more than 6,200 workers this year in company's biggest expansion yet http://finance.yahoo.com/news/Google-to-hire-more-than-6200-apf-1484830553.html

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  2. That 6 Billion is going to look pretty good once Google and Facebook turn their attention to making sure GroupOn suffer a sudden infant death syndrome.

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  3. Amazing.. Groupon Advances on I.P.O. That Could Value It at $15 Billion http://dealbook.nytimes.com/2011/01/13/groupon-readies-for-an-i-p-o/

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  4. Snicker... They better hurry up... The edge is the brand name and maybe their best sales reps. They are begging to be outflanked by Google and Facebook - who each have the potential to build a GroupOn using their own virtual currencies.

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  5. Got an interview with them tomorrow.

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  6. Not to mention this cyclical bull market has but quarters left in it. $10 for $20 worth of IPO stock, valid 1 per company, offer expires June 2011.

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  7. have u guys checked out Qwiki? http://www.qwiki.com/q/#Buenos_Aires

    ReplyDelete

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