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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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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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Trudeau Accelerates Bond Selloff Over Mass Spending Fears

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2 days ago

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2024-11-23

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Trudeau, Bond Market
Trudeau accelerated a bond selloff due to expectations of faster growth and a deeper deficit

Prime Minister Justin Trudeau has accelerated bond selloffs, citing fears of a larger deficit over his GST giveaway. Investors were concerned he was returning to his free-spending strategy as an election loom.

On Thursday, Trudeau unveiled a C$6.3 billion ($4.5 billion) tax relief and rebate program. It includes a two-month moratorium on federal sales tax on various commodities such as Christmas trees, wine, toys, and books and a C$250 check for almost 19 million Canadians, or over half of the population.

The declaration looked to mark the end of a brief period of fiscal restraint, as Finance Minister Chrystia Freeland committed to contain budget deficits to prevent stoking inflationary pressures.

Now that inflation has returned to the Bank of Canada’s 2% target, policymakers have reduced the benchmark interest rate by 125 basis points since June.

Trudeau’s Liberal government sees an opportunity to dig deeper into the public purse, but some analysts believe investors are keeping a careful eye on the country’s debt.

Bonds continued to fall on Thursday following the announcement, as the 10-year benchmark yield rose 7 basis points to 3.457%. After retail data showed a rise in consumer spending on Friday, it increased by up to 3.488%.

As the Trudeau government considers additional fiscal spending, concerns about Canada’s financial situation persist.

Budget Shortfall

Freeland has yet to publish final spending and income figures for the fiscal year that ended in October. Parliamentary Budget Officer Yves Giroux predicts a deficit of C$46.8 billion, much exceeding Freeland’s self-imposed aim of a C$40 billion shortfall.

Despite promises to reduce deficits, the Trudeau government continues to increase expenditure. This year’s budget includes a new capital gains tax inclusion rate to balance the cost of new housing and social initiatives.

This sparked anger from investors and entrepreneurs but allowed Freeland to present a consistent deficit despite significant spending.

The recent declaration indicates that Trudeau’s government no longer feels restrained in its capacity to use economic stimulus to restore favor.

Pierre Poilievre’s Conservatives have led most surveys by roughly 20 points for over a year. They have pounded the prime minister on affordability and promised to reduce taxes, especially income taxes. An election is expected in late October 2025.

The sales tax break will run from December 14 to February 15. The left-wing New Democratic Party intends to support it but has stated that it will continue to advocate for its permanent implementation and expansion to include additional items.

Let the Bankers Worry

Following Trudeau’s announcement, traders in overnight swap markets reduced their bets that the Bank of Canada will drop interest rates by 50 basis points for the second time in December, lowering the odds to fewer than 25% by the end of Thursday. As of late Friday morning, the odds were less than 17%.

The announcement also encouraged several experts to improve their short-term projections for Canada’s GDP. Analysts at the Bank of Montreal predict that the country’s GDP will increase at a 2.5% annualized rate in the first three months of 2025, up from 1.7%.

Speaking to reporters on Friday, Trudeau praised his government’s approach to program expenditure, claiming it fosters optimism and possibilities for families and the middle class.

“We’re focusing on Canadians. “Let the bankers worry about the economy,” Trudeau stated.

Related:

Canada’s Budgetary Watchdog Warns Over Trudeau’s Spending

Canada’s Budgetary Watchdog Warns Over Trudeau’s Spending

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Business

Forced Sale Google Chrome Could Fetch $20 Billion

Published

3 days 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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Appeals Court Delays Order For Google To Open Its App Store In Antitrust Case

Appeals Court Delays Order For Google To Open Its App Store In Antitrust Case

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

Published

4 days ago

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2024-11-21

By

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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