Business
Gmail Revolutionized Email 20 Years Ago. People Thought It Was Google’s April Fool’s Day Joke
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 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 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 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.
Telsa second-quarter profit fell more than 40% from the previous year as the electric car business faced more EV competition from established automakers and a slowing in global EV sales growth.
The decline in income is a dramatic contrast to a corporation that developed to become the world’s most valuable automobile based on rising sales and profitability.
The findings highlight how Tesla, a pioneer in introducing electric vehicles to American drivers, is now facing more domestic and international competition. And as the EV market matures, customer interest in EVs has declined.
Tesla | Auto Guide
Tesla Stock Tumbles After Its Profit Plunged
Tesla (TSLA) shares plunged almost 12% on Wednesday morning, pushing down the broader market. Tesla’s stock was down roughly 1% this year through Tuesday’s close after plunging as much as 44% earlier in the year.
Tesla announced adjusted earnings of $1.8 billion in the quarter or 52 cents per share. Analysts expected 61 cents per share earnings, down from 91 cents the previous year. Its crucial profit margin fell substantially as a series of EV price cuts took its toll.
From April to June, the company had its second consecutive quarter of year-over-year sales decreases and its first consecutive quarter of dropping sales volume. Tesla’s only previous quarterly sales decline since going public occurred early in the pandemic when stay-at-home orders caused its plants to close.
Tesla did not provide a new sales target for the full year. However, it stated: “In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023.”
On the investor’s call following the announcement, Tesla CEO Elon Musk criticized the quality of EVs produced by other manufacturers, claiming that it was simply a short-term issue for Tesla and not a long-term one. He added that Tesla is still persuaded that the world is going towards fully electric transportation systems, not just for automobiles, planes, and ships.
Musk also stated that the business would provide more information on fully automated robotaxis in October rather than August as initially intended. The business calls its driver assistance feature “Full Self Driving,” but drivers must still be prepared to take control of the vehicle. According to the company’s earnings statement, Tesla still confronts regulatory and technical challenges before offering self-driving cars.
Musk stated that he still believes it is possible to reach by the end of this year and certainly by next year, but cautioned: “My predictions on this have been overly optimistic in the past.”
Tesla | Top Gear Image
Tesla Stock Tumbles After Its Profit Plunged
The company faces government probes into several of Musk’s boasts about Full Self-Driving capabilities. The company has also been the subject of a Department of Justice investigation, though it is unclear what the current situation is.
However, he disclosed that Tesla’s plans to build an assembly factory in Mexico had been placed on hold. The plans were disclosed more than a year ago, but Musk said they have been halted until after the presidential election due to Republican contender Donald Trump’s vow to impose taxes on Mexican-imported vehicles. Musk is a big Trump booster, having endorsed him and reportedly pledged tens of millions of dollars to the former president’s re-election campaign. Trump promised comparable duties on Mexican-made autos in 2019 but has yet to follow through.
SOURCE – CNN
(VOR News) – Over the Bitcoin course of the last twenty-four hours, the sum of money that has been liquidated in short positions for Bitcoin BTC +4.71% has increased to more than $34 million.
This is a significant increase from the previous state of affairs. The fact that Bitcoin, the digital asset with the highest market capitalisation, has broken beyond the barrier of $67,000 is the reason for this new development.
Nashville, Tennessee will host this year’s Bitcoin Conference.
According to the website of the conference, the former president of the United States is set to make an appearance on the Nakamoto Stage on July 27 at 2:00 p.m. Central Time for a session that will last thirty minutes.
This information is indicated on the website. Yesterday, on the final day of the conference, the session is scheduled to take place.
As a direct result of the increase in the price of bitcoin that took place during the course of the previous day, a total of holdings representing a value of 54 million dollars were sold off.
As a consequence of the increased volatility of the market, the cryptocurrency market as a whole went through liquidations that amounted to more than two hundred million dollars within the same time period. This is evidenced by the data that were provided by Coinglass.
The information that is provided by The Block’s Bitcoin Price Page reveals that the current value of Bitcoin is around $67,330 at the time that this article is being written and published.
This information is provided by The Block. Over the course of the past twenty-four hours, there has been an increase that is greater than five percent.
President Trump will invest in bitcoin by 2024.
Because of the keynote presentation that he will deliver at Bitcoin 2024, Donald Trump will create history by becoming the first candidate for the presidency of the United States of America to visit a conference of this kind that is sponsored by the industry.
This will be something that he will accomplish by attending Bitcoin 2024. In spite of the fact that there is a little amount of information available concerning the specifics of his discussion, the organisers have already claimed that it will be “historic.”
Throughout the course of his presidency, President Trump has adopted a variety of perspectives about a wide range of cryptocurrencies, including bitcoin and others from the same category.
He voiced his disapproval of cryptocurrencies on Twitter in July 2019, saying, “I am not a fan of bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air.”
He was referring to the fact that certain cryptocurrencies are not money. His hatred for these cryptocurrencies has been made clear in his statements.
Specifically, he expressed his discontent with the bitcoin market.
Which was the subject of his expression. This viewpoint was reiterated by him in 2021, when he gave an interview to Fox Business in which he referred to the digital asset as a hoax and voiced his concern that it may compete with the United States dollar or other currencies. In addition, he expressed his concern that it could be used to compete with other currencies.
Nevertheless, throughout the course of the last six months, Trump has rebuilt himself as the “crypto president.” The fact that he chose Ohio Senator JD Vance, who is an investor in bitcoin, to be his vice presidential candidate lends credence to the notion that a Donald Trump presidency may be advantageous to cryptocurrencies.
This is an extra point of interest that is worth mentioning. Bitcoin is an investment that Vance has made.
During the course of the previous day, the dominance of Bitcoin increased slightly to 52.8%, as indicated by the data that were provided by Coingecko. On the other hand, the dominance of ether decreased slightly to 15.5%.
Indicative of the fact that Bitcoin’s dominance rose, both of these data are indicative of reality. After reaching its highest position, the GM 30 Index, which is comprised of a selection of the top 30 cryptocurrencies, witnessed a climb of 3.08% within the same time period, hitting 133.99.
This was after the index had reached its highest peak.
SOURCE: TBN
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(VOR News) – Sanstar shares made a quiet Dalal Street debut on Friday, which was less than market participants had anticipated as a consequence of their expectations.
However, the number of buyers rose significantly following the stock’s listing, suggesting that investors are interested in purchasing the company at reduced prices.
At Rs 109 per share, Sanstar shares were offered on the National Stock Exchange (NSE) at a premium of approximately 15%. The stock was listed on the Bombay Stock Exchange (BSE) at a premium of 12 percent over the issue price of Rs 95 per share.
Nevertheless, the stock attained a price of Rs 127.68, achieving a 20% upper circuit and bringing the cumulative profits to 34.4 percent over the price at which it was initially issued.
The majority of analysts continue to maintain a positive outlook on the company and suggest that investors remain invested in the stock for a period of time that varies from medium to long term.
On the other hand, there are some experts who suggest that investors record profits after achieving a respectable profit during the initial trading session.
A successful initial public offering (IPO) was achieved by Sanstar
The company’s shares are currently trading at Rs 109 per share, an increase of 15% from their issue price of Rs 95.
This performance is positive, according to Shivani Nyati, Head of Wealth at Swastika Investmart; however, it fails to satisfy the expectations that were established prior to the listing. The broader market volatility that ensued subsequent to the budget’s announcement was a contributing factor.
Sanstar has been listed, which is a fantastic development, despite the fact that it did not meet the initial hype.
The company’s future expansion is supported by the interest of investors and the company’s robust foundations. Investors have the option to maintain their stake at the issue price, according to her.
Sanstar’s initial public offering (IPO) had the potential to be subscribed between July 19 and July 23, as the business issued its shares at a price range of Rs 90-95 per share, with a lot size of 150 shares.
Sanstar’s follow-on offering yielded a total of Rs 510.15 crore in revenue. This offering comprises a wholly new share sale of up to 397.10 equity shares and an offer-for-sale of up to 1.19 crore equity shares.
Sanstar got a 15% premium because of demand.
Which contributed to the company’s successful launch on the bourses today. According to Prathamesh Masdekar, Research Analyst at StoxBox, Sanstar has established enduring relationships with its consumers and currently serves more than 525 customers, with 162 new customers joining during fiscal year 24.
“The company is committed to expanding its customer base by leveraging the relationships it has established with customers in India and around the world, while simultaneously actively seeking out opportunities to establish new relationships.
“”Because of this, we recommend to the market participants that they keep the shares for a period of time ranging from the medium to the long term,” according to him.
A total of 82.99 subscriptions were received from consumers worldwide for the Sanstar issue. The quota for qualified institutional vendors (QIBs) was satisfied 145.68 times during the auction.
A remarkable 136.50 percent of the quota that was designated for non-institutional investors was subscribed to. The portions that were specified for retail investors were only subject to requests for bids 24.23 times during the three-day bidding procedure.
Sanstar’s listing was lower than anticipated, despite the fact that markets were trending upward. Prashanth Tapse, Senior Vice President of Research at Mehta Equities, maintains that designated investors should record profits on the day of listing, despite the market’s optimistic outlook.
Compared to other listed peers, Sanstar’s valuations are a little higher.
Sanstar is a manufacturer in India that specialises in the manufacturing of plant-based products and ingredient solutions for industrial products, pet food, and food.
Pantomath Capital Advisors served as the exclusive book-running lead manager for Sanstar’s initial public offering (IPO), while Link Intime India served as the registrar.
According to Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, the market volatility in the Indian markets resulted in Sanstar shares failing to meet pre-listing expectations. Sanstar shares were listed on the National Stock Exchange (NSE) at a price of Rs 109.
We strongly recommend that investors take profits in the near term following the completion of the listing. He continues, “It is advised that long-term investors maintain their positions in the company due to its strong fundamentals.”
SOURCE: BTN
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