Major Shake-up at Google
Most people don’t say, “Pass me a facial tissue.”
They say, “Please pass me a Kleenex.” And that is no matter whether we’re referring to Kimberly-Clark’s Kleenex facial tissue or Procter & Gamble’s Puffs facial tissue.
Kleenex is a brand, a product. But it’s such a popular one that it’s become synonymous with generic ol’ facial tissues.
Google is as synonymous with internet browsing as Kleenex is with facial tissue.
No one says, “Just internet search it,” or, “Firefox it.” They say, “Google it.”
But now the founders who turned Google into a household name like Kleenex are stepping down.
It’s the end of an era.
And here’s what we see for Google’s future under new leadership.
Google’s Founders Are Out
It’s the end of an era. Google’s faithful founders Larry Page and Sergey Brin are stepping down.
Twenty-one years ago they founded Google. Now they leave their company in the very capable hands of Sundar Pichai.
The New York Times is reporting:
“In a letter announcing the change, Mr. Page and Mr. Brin compared their 21 years at Google to raising a child, saying now was the “time to assume the role of proud parents.”
Google should be in good hands with Pichai. He’s already effectively been running the company over the past year.
Behind the scenes Page and Brin had slowly but surely backed away from daily operations. Reports noted they had grown weary from all the scrutiny they and their company were receiving on Capitol Hill.
This became plain as day last year when Page and other tech CEOs were once again called before Congress to face a grilling.
That day Page’s chair sat empty. A silent rebuff against the scrutiny he had been facing. This while he watched his company change the world in so many different ways for the better.
I can sympathize with Page’s frustration over the past two years
The founders’ era at Google ended this week. And here’s how Wall Street reacted.
Alphabet Shares Gain as Leadership Changes
From Tuesday’s open Alphabet (NASDAQ: GOOG) shares have gained nearly 5%.
That’s a big move for a stock that costs over $1,300 today.
The bottom line is we, as Wall Street does, like the move, and for good reason. This change in leadership was in the making for a long time. It needed to get done for Google to move forward and continue to grow.
Page and Brin note in an open letter following the announcement:
“We’ve never been ones to hold on to management roles when we think there’s a better way to run the company.”
And that forward thinking is why Google is successful and should continue to be so.
After all, if there’s anything investors hate… it’s uncertainty.
And now with new leadership firmly in place, Google can get back to what it does best…
Innovating and making its investors money.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily