4 Tech Stock Stories to Amaze and Amuse
Google (NASDAQ:GOOG): Closing price $900.62
Google’s mergers and acquisitions chief Don Harrison says that his company is actively searching for acquisitions, employing what it calls the “toothbrush test” to decide whether a potential target supplies a service that is used once or twice a day. In a televised interview at the Bloomberg Next Big Thing Summit in Half Moon Bay, California, Harrison said, “Right now we’re at a rate where we’re closing a transaction every two weeks. We apply something called the toothbrush test, which is we ask ourselves, ‘Is this something people use once or twice a day and does it solve a problem.’” Presently, Google is using purchases to add products that may induce users to stick to its online services. Earlier in June, Google bought Waze for $1.1 billion, through which it obtained tech that builds on user input to make maps more accurate.