Google’s big bet on search engines to make $1bn profit
The search engine giant is set to break into the lucrative search-advertising business, as it begins selling its own branded search engine on the back of the success of Google Now.
The news comes on the heels of Google’s recent announcement that it has bought advertising giant Digital Sky for $US10.2 billion ($1.35bn) and has hired former chief technology officer Tim Cook as its new chief executive.
While Google Now is a product of the company’s Android operating system, the company says it has been developing a mobile version of the service.
Google Now, launched in May this year, is designed to give users quick access to information, but it has faced a slew of problems, from a lack of content to the ability to display the information on the home screen.
On Monday, Google announced that it had added about 500,000 new users in the first two months of the year.
The company is also expected to break even in the next two months as it adds to its business with ads, which generate a much larger share of revenue than search.
As the Google app for Android was unveiled earlier this year and the search giant’s new operating system was unveiled last month, it was clear that Google would make money from its own brand.
According to Bloomberg, Google has paid about $US1 billion for Digital Sky.
Digital Sky, which has offices in the US and Europe, is an advertising network that provides digital content, advertising, and content management to digital companies and publishers.
It has offices around the world.
Analysts have long been predicting that Google will break even from its ad business, but analysts said Google’s strategy has largely been based on its ad revenues and its relationship with advertising giant Adweek.
“It’s a great time for Google to be making money, but the bigger question is what will the company do with its cash?” said Ian Morrison, an analyst with BTIG.
He added that Google has been trying to focus on selling search to publishers instead of advertisers.
But Google has also been able to turn to traditional advertising sources such as TV networks to drive more traffic to its apps.
Last month, Google launched a new ad-supported version of its YouTube app to help it expand its reach to users, but Morrison said Google had not been able be as effective at advertising as it had been at growing its own services.
“We’ve been seeing a lot of Google Ads ads that don’t work in the YouTube app,” he said.
Read more about Google’s search: Google, Apple and Microsoft unveil new privacy policies, rules for advertising The biggest tech companies are all using a different approach to advertising, which is why Google and Facebook are not the dominant players in the space.
Google, Google’s parent company, has also made moves that are taking the focus away from itself.
Last month, the internet giant announced it would start charging advertisers for the use of its search tools, which will be a key part of the future of the advertising industry.
The move was seen as a way to counter Microsoft, which also launched its own ad services earlier this month.
At the same time, Apple is also set to roll out new privacy controls that could affect users.
The announcement came on the eve of the US Federal Communications Commission’s vote to ban the controversial practice of paid search ads on television.