Questions at Google Raised With Its Change Of Page
Google co-founder Larry Page
A day after Google came up with the surprise announcement that Larry Page would be running the company again, investors and veterans of the industry are now thinking on whether Page is able to do a different job for the development of the company. The 38-year old who has co-founded the number one search company is all set to replace Eric Schmit as the CEO with effect from April this year. This significant development is taking place at a time when the company is facing stiff competition from Facebook and Twitter.
There is great anticipation as well as excitement with regard to a founder of Google replacing the company as CEO. There have been similar incidents in the past and the most notable ones include the comeback of Steve Jobs and Jerry Yang. Steve Jobs had returned to Apple in the ninety’s in order to save the company that he has established from insolvency. Ever since he returned there have been significant developments in both the iPhone and the iPad market. Jerry Yang also returned to Yahoo when he made a similar kind of a comeback to revive the company however he was not successful with restoring the fortune of the troubled torn company and now time will only tell us on how successful Page would be in the new venture.
“Google is currently dominating the search engine market and it has roughly generated about $ 29 million as revenue in 2010. Google does not require the change that Apple needed when it prompted the return of Steve Jobs for its revival,” a representative was quoted as saying. There are industry analysts that have pointed out that Google presently is under threat from the two major social networking sites Facebook and Twitter. Another company that is posing threat to the internet giant is Groupon. It should be noted that the stock of Google had witnessed an under-performance in the market for the year 2010 and it had to struggle to develop at a very fast pace.
The performance of the company also suffered as users complained that there was a deterioration of the search engine results of the internet company. Google also did not do too well with its social networking products and the company needed to improve the quality of them to defend its reputation in the market.
Page was one of the co-founders of the major internet networking site along with Sergey Brin around 13 years ago. It is anticipated that Page will be able to steer the company back into the forefront and improve the business of the struggling company. Google is of the hope that Page will be able to render something different and explore new platforms and bring in more people. The company requires development and this is the reason why it is anticipated that Page can improve the performance of the company with his experience.
As a CEO of Google, Page will require making decisions for the company and also leading the organization in the highly competitive market. It is hoped that he will be able to revive the reputation of the company and also handle the current competition from social networking sites.
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Posted by Vaibhav D
on Feb 20 2012. Filed under featured news, internet.
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