Google: Richer than Rich


What do 28 of the poorest countries in the world have in common with Google? Their combined GDP did not surpass Google’s earnings in 2010, according to the IMF. Consider these numbers: Google paid $500 million in fines to cover the cost of extracting roughly $8.5 billion in profit by breaking U.S. laws that forbid Canadian companies from offering pharmaceutical products to U.S. residents.

With over 1 billion visitors every month, the company has access to consumers all over the world. That is roughly one out of every seven people on the planet. Advertising makes up 97 percent of their total revenue, and many top-paying vendors have questionable reputations.

Google spent over 260 million watts of electricity on powering its facilities. That is about ¼ of the output of a standard nuclear power plant and is about 50 percent of the electrical output produced by the Hoover Dam. Do the math: Is Google a de facto country?

From: BusinessMBA