What does Google’s newest offering have to offer?
Mumbai, India -- (SBWIRE) -- 09/25/2013 -- Google’s main revenue stream has always been online advertising. They have been dominant as a search engine ever since their day one in business and their advertising programs AdSense and AdWords have been generating enormous amounts of revenues for them.
Given the innovative ideas that Google has come up with in the past to venture into different fields, it’s no surprise that they are getting into the healthcare industry now.
As per the PR issued and Chief Executive Officer Larry Page’s recent announcement through his Google+ profile, the company is going to set up a new company called Calico, headed by Arthur D. Levinson, Chairman and former CEO of Genentech and Chairman of Apple, Inc. Calico will focus on health and well-being, in particular problems affecting mental and physical agility due to aging.
Larry Page said on his Google+ profile, “While this is clearly a longer-term bet, we believe we can make good progress within reasonable timescales with the right goals and the right people”. He also added, "Don't be surprised if we invest in projects that seem strange or speculative compared with our existing Internet businesses. And please remember that new investments like this are very small by comparison to our core business."
Other details such as where it's going to be based, number of employees it will have etc. have not been revealed yet.
What kind of results this new business venture is going to deliver to Google is yet to be seen, and obviously won't be surprised if it becomes super-successful!
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