) recently announced that it will make ferry services available
for all its employees who need to travel from San Francisco to
the company's Silicon Valley campus for work.
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The catamaran assigned for this task is called "Triumphant" and
has a capacity of 150 passengers. It runs twice daily in the
morning as well as in evening and the duration of each voyage
lasts for 47 minutes only each time.
Meanwhile, this announcement was made the same day when San
Francisco city officials asked Google and other tech giants like
) who use public bus stops to pick up thousands of their
employees on private shuttles to pay roughly $1 per stop per day
as part of an 18-month pilot program.
City activists have accused tech companies of having created an
economic divide by introducing these charter buses. The
companies, on the other hand, have retorted by saying that these
buses keep hundreds of cars off the roads and in the process end
up reducing the level of pollution.
Google hopes to increase attendance by providing these
facilities. This would lead to increased productivity and
profitability for the company, going forward.
Google Inc. reported third-quarter earnings of $11.24. While CPCs
continued to decline, the number of clicks increased, which along
with growth at Motorola were big positives for the quarter.
Google generates revenues primarily from the sale of advertising
space on its online properties. It has therefore focused on
protecting and growing its position in the search market through
continued innovation and quality improvements.
Google's Android OS has gone a long way toward cementing its
position in the mobile segment. Google's acquisitions have also
augmented its in-house capabilities.
To top it all, Google has shown superb execution to date that has
kept the shares buoyant. As a result, its share price has
appreciated 27.9% over the past year.
Currently, Google has a Zacks Rank #2 (Buy).