The New/Old Google CEO made some important moves in his first week.
Co-Founder Larry Page took back the helm of Google(GOOG) a week ago and has made some bold moves over the past week. Let's take a look at what has transpired and what's likely to come.
Within 24 hours of taking control, Google announced it was seeking to buy up Nortel patents, which would put it on more equal footing in the Wireless space. Google's Android OS has outgrown the company's patent portfolio and the other industry titans are now taking aim at Google in the courtroom. Google's opening offer was $900 million (and by putting that out there, Google gets a reward if it is outbid). More
The co-founder of YouTube says he has been in an advisory role for two years.
After his $334 million windfall for the sale of YouTube to Google (GOOG) in 2006, co-founder Chad Hurly became the CEO of the new Google video sharing unit. However, he revealed today that he hasn't been running the day-to-day operations for at least two years.
At a fireside chat at the Founders event in Dublin, Ireland, Hurley said that MORESeth Weintraub - Oct 28, 2010 10:20 PM ET
The video-sharing site loses money and has failed to attract quality studio programming. So why does Google continue to pump money into it?
You would think Google's executive triumvirate -- CEO Eric Schmidt and co-founders Sergey Brin and Larry Page -- would be worried about YouTube. Almost three years after they forked over $1.65 billion in stock to acquire the video-sharing site, YouTube last year delivered only an estimated $240 million MOREJessi Hempel, writer - Jul 31, 2009 8:22 AM ET
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