Connectivity

Google stock GOOG
Sponsored By:

Google’s World Domination Now Includes Starbucks Team-Up

Google (GOOG) is clearly trying to take over the world. And the next stop on its global domination tour is a Starbucks (SBUX) near you.

Google has teamed up with Starbucks to provide 7,000 cafes across America with faster Wi-Fi connections, ousting AT&T (T) as the internet provider of choice.

Google says its Starbucks connections (via Google Fiber of course) will be up to 100 times faster. Roll out will begin in August and finish by spring 2015.

It’s amazing to see how Google keeps moving beyond just advertising, and the SBUX deal is just the latest move including a laundry list of aggressive campaigns from GOOG in the last year.

A short list of other items includes the debut of its Chromecast video streaming dongle (sorry for use of that silly word), the Moto X smartphone, Google Fiber internet access and a new Nexus 7 tablet.

It’s an impressive array of innovative ideas, and that’s the reason that Apple (AAPL) and Amazon (AMZN) are looking over their shoulder. Even though Google isn’t a leading competitor on some fronts just yet, it is surely gunning for businesses in streaming video, hardware and just about any other market you can think of.

Of course, GOOG isn’t all success stories. Google stock did just get shaken up after earnings. Google earnings missed on revenue and EPS handily, and shares are down about 2% in the past three weeks despite gains for the broader market.

However, Google stock is up 27% year-to-date even with the recent troubles, outperforming the S&P 500 impressively in 2013.

And if the innovative products and services keep coming, you can expect Google stock to keep trucking higher too.

Related Reading

Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.

Get The Slant delivered to your inbox every day!

Comments