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    Home > Finance > Google's journey from dorm to internet dominance
    Finance

    Google's journey from dorm to internet dominance

    Google's journey from dorm to internet dominance

    Published by Global Banking and Finance Review

    Posted on April 17, 2025

    Featured image for article about Finance

    (Reuters) - A U.S. judge has ruled that Google illegally monopolized digital advertising markets, paving the way for a break up of the internet empire that was started out of a Stanford University dormitory nearly 27 years ago.

    Google's platform for advertisers, closely tied to the online search unit, is a core driver of its $300 billion-a-year advertising business that has been a key focus for the past 2-1/2 decades.

    Here's a look at some milestones in the history of the tech giant, whose parent is now known as Alphabet :

    YEAR EVENT

    1995-1996 Larry Page and Sergey Brin meet at Stanford

    University and create a search engine named

    BackRub.

    1998 The startup, now renamed Google, gets $100,000

    in funding from Sun Microsystems co-founder

    Andy Bechtolsheim.

    1999 Google announces $25 million in funding from

    Sequoia Capital and Kleiner Perkins in its

    very first press release, and officially

    announces the term "Googlers" to the world.

    June 2000 Google becomes the default search engine

    provider for Yahoo, one of the most popular

    websites at the time.

    October Launches AdWords, the online advertising

    2000 platform that would become core to Google's

    business.

    2001 Eric Schmidt is named Google's chief executive

    officer and chairman of the board of

    directors.

    April 2004 Google announces it is testing the release of

    Gmail, with up to 1GB of storage capacity.

    August 2004 Launches initial public offering of roughly

    19.6 million shares, at an opening price of

    $85 per share.

    February Launches Google Maps for desktop.

    2005

    August 2005 Acquires mobile startup Android.

    Launches Google Talk instant messaging

    service.   

    2006 Buys online video service YouTube for $1.65

    billion.

    April 2007 Announces acquisition of web ad supplier

    DoubleClick for $3.1 billion.

    May 2007 Introduces universal search that lets users

    access search results across all content

    types, like images, videos and news, at once.

    September Debuts first Android phone, the T-Mobile G1 or

    2008 HTC Dream.

    Launches Google Chrome web browser.

    January Launches smartphone, Nexus One, co-developed

    2010 with HTC.

    March 2010 Stops censoring search results in China,

    leading to its banning in the country.

    October Google tests out its first self-driving

    2010 vehicles with a small fleet of Toyota Prius

    cars in California.

    June 2011 Launches Google+ social networking service,

    which was shut down in 2018.

    August 2011 Announces acquisition of Motorola Mobility,

    which includes Motorola's cellphone and TV

    set-top box businesses, for $12.5 billion.

    2012 Launches Google Glass.

    2013 Announces acquisition of Israeli mapping

    startup Waze for about $1 billion.

    2014 Announces in January that it will acquire AI

    firm DeepMind.

    In the same month, announces a $3.2 billion

    deal to buy smart thermostat and smoke alarm

    maker Nest Labs.

    2015 Announces plans to create a new publicly

    listed company, Alphabet, which will house

    Google and other units, including YouTube and

    research and venture capital businesses.

    Sundar Pichai named CEO of Google.

    October Launches the first Pixel smartphone.

    2016

    November Launches Google Home smart speaker.

    2016

    June 2017 The European Commission fines Google 2.42

    billion euros for violating the neutrality of

    its search.

    February Google reports full-year sales of over $100

    2018 billion a year for the first time.

    July 2018 The European Commission fines Google 4.34

    billion euros for anti-competitive practices

    with respect to its Android operating system.

    March 2019 The European Commission imposes a 1.49 billion

    euros fine for anti-competitive practices with

    respect to the company's online advertising

    business.

    June 2019 Google announces acquisition of analytics

    startup Looker for $2.6 billion.

    November Announces acquisition of Fitbit for $2.1

    2019 billion.

    December Co-founders Page and Brin announce they are

    2019 stepping down as CEO and president,

    respectively; Pichai becomes CEO of Alphabet.

    2020 Alphabet hits $1 trillion in market

    capitalization.

    January The company cuts 12,000 jobs, or 6% of its

    2023 workforce.

    February Google announces Bard, a generative AI-powered

    2023 chatbot that can produce text content and

    fetch information off the internet. However, a

    factual error in the AI tool's demo tanks

    Alphabet shares, erasing $100 billion from the

    company's market capitalization.

    Susan Wojcicki, one of Google's first

    employees, steps down as YouTube CEO; Neal

    Mohan replaces her.

    March 2023 Begins rolling out Bard to some users.

    EU regulators say Google may have to sell part

    June 2023 of its adtech business to address concerns

    about anti-competitive practices

    September The U.S. Justice Department and a coalition of

    2023 state attorneys general begin a blockbuster

    antitrust trial in Washington, alleging that

    Google unlawfully abused its dominance in the

    search-engine market to maintain monopoly

    power

    November Google begins U.S. trial with Epic Games over

    2023 claims of violation of federal antitrust law

    December Google launches Gemini, its most powerful

    2023 generative AI model at the time

    January Samsung says it will use Google's Gemini large

    2024 language models in its Galaxy S24 series

    smartphones

    February Google flags increased spending on servers for

    2024 data centers, underscoring its hefty

    investments to power AI that will later raise

    investor concerns

    February Google renames its Bard chatbot after the

    2024 Gemini models that power it

    February Nvidia snatches Goggle's spot as the

    2024 third-most valuable U.S. company, underscoring

    the AI shift across Big Tech

    February Google releases open source "Gemma" models,

    2024 following in its AI competitor Meta Platforms'

    footsteps

    February Google pauses its AI tool that creates images

    2024 of people, following inaccuracies in some

    historical depictions generated by the model,

    just weeks after first offering the service

    February Thirty-two media groups including Axel

    2024 Springer and Schibsted hit Google with a

    2.1-billion-euro ($2.3 billion) lawsuit

    alleging that they had suffered losses due to

    its digital advertising practices

    March 2024 A U.S. judge rules that Google must face

    advertisers' proposed class action lawsuit

    claiming that it monopolizes the ad exchange

    market

    March 2024 EU antitrust regulators open their first

    investigations under the Digital Markets Act

    into Google, Apple, Meta for potential

    breaches of the landmark EU tech rules.

    April 2024 Google sued by U.S. artists over AI image

    generator

    April 2024 Alphabet announces first-ever dividend

    June 2024 Google names Anat Ashkenazi as CFO

    October Google shifts Gemini app team to DeepMind

    2024

    November Google must sell Chrome to restore competition

    2024 in online search, DOJ argues

    November Meta will face antitrust trial over Instagram,

    2024 WhatsApp acquisitions

    March 2025 Google defeats part of U.S. shareholder class

    action over digital advertising practices and

    user privacy protections

    March 2025 Alphabet signs its biggest deal ever, to buy

    cybersecurity startup Wiz for $32 billion

    March 2025 U.S. drops bid to make Google sell AI

    investments in antitrust case

    April 2025 Google faces 5 billion pound UK lawsuit for

    allegedly abusing dominance in online search

    April 2025 U.S. judge finds Google's holds illegal

    monopolies in ad tech, paving the way for U.S.

    antitrust prosecutors to seek a breakup of its

    advertising products

    (Reporting by Arsheeya Bajwa, Kritika Lamba, Meghana Khare, Jaspreet Singh and Akash Sriram in Bengaluru; Editing by Pooja Desai and Devika Syamnath)

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