Google Buys Majority Stake in Internet
OK, that's not exactly true. Google has announced the acquisition of DoubleClick, which has been the leader in Internet advertising as long as I can remember. Although most had valued the company at $1 billion, the $3.1 billion cash purchase will make Google, by far, the biggest player in the online ad game. Not surprisingly, other players in the Internet advertising market such as Microsoft and Yahoo! are crying foul.
Should you, as a consumer care? Probably. Besides Google, DoubleClick has the best profile of what sites you visit and your purchasing habits through their DoubleClick cookies. Of course, there is the possibility of Google trying to use this data to better target and identify you. Of course, DoubleClick quickly tried to destroy that rumor. However, a full acquisition from Google, a merging of systems, and/or a change in their terms of service could easily change that.
While Google by no means has a monopoly on Internet advertising, they're quickly becoming the evil empire of the Internet that we somehow just can't help but love. And, heck, as long as my Google stock keeps going up, I'm OK with it, I guess. ;-)