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Gmail Revolutionized Email 20 Years Ago. People Thought It Was Google’s April Fool’s Day Joke

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8 months ago

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gmail

SAN FRANCISCO — Gmail Revolutionized Email 20 Years Ago. Larry Page and Sergey Brin, co-founders of Google, enjoyed conducting pranks so much that they began releasing absurd ideas every April Fool’s Day shortly after founding the company more than a quarter century ago. One year ago, Google advertised a job posting for a Copernicus research center on the moon. Another year, the corporation stated it intended to launch a “scratch and sniff” capability on its search engine.

The jokes were so persistently ridiculous that people learned to dismiss them as yet another example of Google’s mischief. That’s why, on April Fool’s Day, Page and Brin decided to reveal something no one could have predicted 20 years ago.

It was Gmail, a free service with 1 gigabyte of storage per account, which seems insignificant in an era of one-terabyte iPhones. However, it sounded like an absurd amount of email capacity back then, enough to hold approximately 13,500 emails before running out of space, compared to only 30 to 60 emails in the then-leading webmail services run by Yahoo and Microsoft. This translated to 250 to 500 times greater email storage space.

Aside from the quantum leap in storage, Gmail included Google’s search capability, allowing users to easily recover a nugget from an old email, photo, or other personal information saved on the site. It also automatically tied together a series of conversations about the same topic, making everything flow like a single discussion.

“The original pitch we put together was all about the three ‘S’s” — storage, search, and speed,” said former Google executive Marissa Mayer, who worked on Gmail and other firm products before becoming Yahoo’s CEO.

gmail

Gmail Revolutionized Email 20 Years Ago. People Thought It Was Google’s April Fool’s Day Joke

It was such a bizarre concept that, immediately after The Associated Press published a report about Gmail late on April Fool’s Day 2004, users began calling and writing the news agency to notify them that Google’s pranksters had deceived them.

“That was part of the appeal: creating a product that people won’t think is real. It transformed people’s conceptions of the types of applications that could be built within a web browser,” former Google engineer Paul Buchheit said in a recent AP interview about his work on Gmail.

It took three years to complete as part of the “Caribou” project, named after a running gag in the Dilbert comic strip. “There was something sort of absurd about the name Caribou, it just made me laugh,” said Buchheit, the company’s 23rd employee. Caribou presently employs over 180,000 people.

The Associated Press knew Google wasn’t joking about Gmail when an AP reporter was summoned from San Francisco to the company’s Mountain View, California, headquarters to witness something worth the trip.

After arriving at a still-developing corporate facility that would eventually become known as the “Googleplex,” the AP reporter was shown into a modest office where Page sat in front of his laptop computer, wearing a mischievous grin.

Page, who was only 31 years old then, went on to show off Gmail’s sleekly designed inbox and how rapidly it ran in Microsoft’s now-retired Explorer web browser. He pointed out that there was no delete button in the main control panel because it was unnecessary given Gmail’s large storage capacity and ease of search. “I think people will really enjoy this,” Page said.

As with so many other things, Page was correct. Gmail currently boasts an estimated 1.8 billion active accounts, each offering 15 gigabytes of free storage, Google Photos, and Google Drive. Even while that’s 15 times more storage than Gmail first provided, more is needed for many users, who rarely see the need to erase their accounts, as Google anticipated.

gmail

Gmail Revolutionized Email 20 Years Ago. People Thought It Was Google’s April Fool’s Day Joke

Google, Apple, and other corporations now profit from selling additional storage capacity in their data centers as a result of the digital hoarding of email, images, and other stuff. (Google charges between $30 and $250 per year for 200 gigabytes of storage and 5 terabytes). The existence of Gmail also explains why other free email services and internal email accounts used by people at work provide significantly more storage than was anticipated 20 years ago.

“We were trying to shift the way people had been thinking because people were working in this model of storage scarcity for so long that deleting became a default action,” Buchheit told me.

Gmail was a major changer in various ways, including serving as the first building stone in the growth of Google’s online empire outside its still-dominant search engine.

Following Gmail came Google Maps and Google Docs, which included word processing and spreadsheet apps. Then came the acquisition of video site YouTube, followed by the release of the Chrome browser and the Android operating system, which powers the majority of the world’s smartphones. With Gmail’s open objective to scan email content to better understand users’ interests, Google also made it clear that digital spying to sell more advertising would be part of its expanding ambitions.

Despite its instant popularity, Gmail began with a limited scope since Google only had adequate computational resources to accommodate a small number of users.

“When we launched, we only had 300 machines, and they were really old machines that no one else wanted,” Buchheit recalled, laughing. “We only had enough capacity for 10,000 users, which is a little absurd.”

gmail

Gmail Revolutionized Email 20 Years Ago. People Thought It Was Google’s April Fool’s Day Joke

However, the scarcity generated an air of exclusivity around Gmail, resulting in the intense desire for elusive invitations to sign up. Invitations to open a Gmail account used to sell for $250 each on eBay. “It became a bit like a social currency, where people would go, ‘Hey, I got a Gmail invite, you want one?'” Buchheit told me.

Although signing up for Gmail became easier as more of Google’s huge data centers went online, the business started accepting all new users when it opened the floodgates as a Valentine’s Day gift to the world in 2007.

A few weeks later, on April Fool’s Day 2007, Google announced a new tool called “Gmail Paper” that allows customers to have Google print off their email archive on “94% post-consumer organic soybean sputum” and then have it delivered to them via the Postal Service. Google was genuinely joking at the time.

 

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Forced Sale Google Chrome Could Fetch $20 Billion

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5 hours ago

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2024-11-21

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Sale Google Chrome

Antitrust officials in the US could force the sale of Google’s Chrome browser for up to $20 billion, demonstrating the tremendous worth of the world’s most popular web browser.

Bloomberg Intelligence attributes Chrome’s projected worth to its more than 3 billion monthly active users. The US Department of Justice is preparing to request a federal judge order the browser’s separation from Google’s parent company, Alphabet.

Chrome’s worth comes from its overwhelming 61% market share and its crucial role in Google’s advertising ecosystem. User data enables businesses to better target adverts, and the browser also acts as an important distribution mechanism for Google’s AI technologies.

Industry analysts think it may be difficult to find a suitable buyer. While tech behemoths like Amazon could finance the purchase, they would likely face regulatory scrutiny.

AI businesses, such as OpenAI, may emerge as more viable contenders. They could potentially leverage Chrome to broaden their reach and develop an advertising business.

“It’s not directly monetizable,” one analyst told Bloomberg. “It functions as a gateway to other things. It’s unclear how you would assess that in terms of pure revenue generation.”

Google opposes prospective sales, claiming that they will hamper innovation. The firm does not break out Chrome’s revenue individually in its financial filings, even though the browser’s user data plays an important part in the company’s principal revenue stream, advertising.

The DOJ’s suggestion follows Judge Amit Mehta’s August decision that Google had illegally monopolized the search industry. The judge will consider the recommended remedies at a two-week hearing in April 2024, with a final judgment due in August 2025.

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Bitcoin Has Set a New Record And Is Approaching $100,000.

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14 hours ago

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2024-11-21

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Bitcoin

(VOR News) – Bitcoin broke beyond the $98,000 mark for the first time on Thursday as investors awaited Donald Trump’s second term as president. All of this happened during the day. As such, cryptocurrency has reached a significant turning point.

According to Coin Metrics, the top cryptocurrency was trading at $97,541.61 during the most recent trading session. Merchants provided this information. This suggests a price gain of more than three percent during the previous trading session.

When the period began, Bitcoin peaked at $98,367.00.

During the premarket trading session, MicroStrategy, a platform that facilitates cryptocurrency foreign exchange trading and serves as a bitcoin proxy, saw a 13% gain. Coinbase, on the other hand, had a 2% rise during that period. Furthermore, all of these increases occurred simultaneously.

The market value of Mara Holdings increased by 9%, which helped raise the valuation of mining companies overall. This was among the factors that led to the total rise.

Because of the widespread belief that President Trump will usher in a new era of prosperity for cryptocurrencies, one marked by more favorable laws and the possible creation of a national strategic bitcoin reserve, the price of Bitcoin has been rising steadily this month.

The most recent change brought about by the increase was the consequence of higher financing rates and more open interest in the futures market during Asian trading hours. The rise was the catalyst for this change. This action was prompted by the ensuing rush.

Throughout its lifespan, this legislation was the catalyst for this change for a variety of reasons. At the same time, spot market premiums decreased, according to CryptoQuant statistics. All of this happened at the same time.

Furthermore, a number of short liquidations have been sparked by the recent spikes in Bitcoin’s price, which has caused the price to rise overnight. As a result, the price has gone up much more. As a result, the total number of short liquidations has increased.

According to CoinGlass, these liquidations have effectively produced more than $88 million in capital during the last 24 hours.

Rob Ginsberg, an analyst at Wolfe Research, noted in a study released on Wednesday that “historically, following previous movements of this magnitude, Bitcoin has either entered a consolidation phase or disregarded the overbought condition as investors accumulate.” This phrase relates to the fact that this particular move has happened before.

Ginsberg stated this in reference to the evolution of Bitcoin over time.

Ginsberg’s answer makes reference to Bitcoin’s propensity to go through a period of consolidation. The comment also made reference to this.

He said, “Considering we are emerging from an extended consolidation phase and the price has reached a new high, it suggests that the pursuit is underway.”

The crucial psychological milestone of $100,000 is expected to be reached in the upcoming weeks, and this breakthrough could happen as early as Thursday. It seems likely that this level will be reached. There is a chance that this new development will take place.

This task will be carried out against the backdrop of this historical era. In addition, if Trump were to win a second term, federal budget deficits would increase, inflation would likely increase, and the dollar’s position in international affairs would change.

The administration that Trump would run during his presidency would be responsible for these consequences. All of these characteristics would positively impact the value of Bitcoin as a currency if they were taken into account in the order that they are presented.

The price of bitcoin had risen by more than 130% by the beginning of 2024.

SOUREC: CNBC

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Target Struggles in the Third Quarter: Offers Tempered Holiday Outlook and Price Cuts

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1 day ago

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2024-11-20

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Target

(VOR News) – Target experienced a modest rise in sales during the third quarter; nevertheless, profitability declined due to reduced customer spending attributed to inflation and adverse effects from the ongoing costs associated with the October dockworker strike.

Despite ongoing consumer expenditure in the United States, but with more prudence, the Minneapolis retailer did not meet Wall Street’s forecasts for the quarter and similarly disappointed industry analysts with its projections for the final quarter of the year.

Target’s reduction in prices for Christmas products, including a Thanksgiving promotion that lowered the cost of the holiday feast relative to last year’s total, raises concerns about disappointing quarterly results.

Target’s latest quarter sharply contrasts with competitor Walmart, which reported another quarter of exceptional revenues on Tuesday and provided positive forecasts for the forthcoming holiday season. Amazon disclosed last month that its quarterly profits had risen. Amazon surpassed projections with an 11% rise in quarterly revenue.

Target fell over 21% on Wednesday morning.

Chairman and CEO Brian Cornell stated, “We encountered distinct challenges and financial constraints that impacted our overall performance.”

FactSet reports that Target’s net income for the quarter ended November 2 was $854 million, or $1.85 per share, markedly below the anticipated $2.30 and a decline from $971 million, or $2.10 per share, in the same quarter of the previous year.

Despite an increase in sales to $25.67 billion from $25.4 billion the previous year, they fell short of Wall Street’s projections.

Target announced that for the fiscal fourth quarter, it anticipates earnings per share to fall between $1.85 to $2.45. This amount is below the $2.65 per share forecast by analysts surveyed by FactSet.

The retailer announced that in the third quarter, its comparable sales, derived from stores and digital platforms operational for a minimum of one year, increased by 0.3%.

This is inferior to the second quarter’s 2% growth. Several months of decreases, comprising a 3.7% reduction in the first quarter and a 4.4% reduction in the company’s final quarter of 2023, were counterbalanced by the rise in the April–June period.

Cosmetics sales rose by almost 6%, whilst food, beverages, and necessities such as shampoo experienced gains in the low single digits relative to the previous year.

The positive attributes were negligible. Target’s quarterly customer traffic rose by 2.4%. Target officials report that this represents an increase of 10 million sales transactions compared to the previous year. Digital comparable sales rose by 10.8% due to a 20% enhancement in same-day delivery facilitated by the Target Circle loyalty program and double-digit growth in its drive-up service.

Target encountered several challenges.

Target’s food and beverage sales constitute under 25% of overall sales, indicating a greater dependence on luxury items such as apparel and accessories.

Target management acknowledged that the company, similar to other retailers, had to redirect specific items due to the strike of 45,000 dockworkers, the first occurrence since 1977.

The accumulation of commodities in warehouses escalated operational expenses and diminished corporate earnings.

The commitment by President-elect Donald Trump to impose elevated import tariffs is resulting in difficulties for Target and other enterprises. Trump advocates for a 60% tariff on Chinese imports and a 20% levy on all other products. Cornell stated that, despite monitoring trends meticulously, the corporation has prioritized diversifying its supplier network.

“Currently, there exists considerable uncertainty regarding future developments, and we will exercise our flexibility to adapt as necessary,” he stated on the call.

Buyers remain apprehensive due to ongoing uncertainty, as prices, albeit decreasing, remain elevated compared to a few years prior.

“They are exhibiting significant patience, pursuing promotions and outstanding value on essential pantry items,” Cornell stated during a conference call with reporters. “Over the year, they have consistently focused on discretionary categories and are practicing prudent shopping behaviors.”

Target officials indicated a decline in television purchases, although they expressed interest in incorporating candles, frames, and flowers into their home décor.

Target has been reducing prices to boost sales. Last spring, it reduced costs for numerous essentials, including milk and diapers. Almost fifty percent of the numerous goods offered this Christmas are priced below $20. Target is offering a Thanksgiving dinner bundle for four people at $20, which is $5 less than its 2023 Thanksgiving meal package.

SOURCE: USN

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