Google's initial public offering (IPO) took place five years later, on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024. At IPO, the company offered 19,605,052 shares at a price of $85 per share. Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion.
Google's initial public offering (IPO) took place five years later, on August 19, 2004. At that time Larry Page, Sergey Brin, and Eric Schmidt agreed to work together at Google for 20 years, until the year 2024. At IPO, the company offered 19,605,052 shares at a price of $85 per share. Shares were sold in an online auction format using a system built by Morgan Stanley and Credit Suisse, underwriters for the deal. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion.
More InfoFrom August 26 to 29, Dorian produced damaging winds and heavy rain across the eastern Caribbean. In Barbados, winds reached 55 mph (89 km/h), downing trees and power lines. Isolated interruptions to power occurred on St. Lucia; no damage occurred otherwise in the nation. In Martinique, heavy rains—peaking at 102 mm (4.0 in) in Rivière-Pilote—and winds up to 61 mph (98 km/h) caused some damage, though overall damage was negligible. Heavy showers in Dominica left multiple communities without power and water. Rainfall extended north to Guadeloupe were accumulations reached 121 mm (4.8 in) in Matouba. Striking the Virgin Islands as an intensifying hurricane, Dorian brought strong winds and heavy rains to the region. Buck Island, just south of Saint Thomas, experienced sustained winds of 82 mph (132 km/h) and a peak gust of 111 mph (179 km/h). Wind gusts on Saint Thomas reached 75 mph (121 km/h). Island-wide blackouts occurred on Saint Thomas and Saint John, while 25,000 customers lost power on Saint Croix. The high winds downed trees across the islands. Along the coast, multiple boats broke from their moorings and washed ashore. Some flooding occurred on Tortola in the British Virgin Islands. Downed trees knocked out power to some residences on Virgin Gorda. Because the hurricane moved farther northeast than initially anticipated, its effects in Puerto Rico were relatively limited. A man in Bayamón died when he fell off his roof trying to clean drains in advance of the storm.
More InfoWhile moving northwestward, Dorian gradually reorganized. At 06:00 UTC on September 5, Dorian moved over the warm waters of the Gulf Stream and completed its eyewall replacement cycle, reintensifying into a Category 3 hurricane off the coast of South Carolina. However, several hours later, Dorian encountered high wind shear, causing the storm to weaken to a Category 2 hurricane early on September 6. Then, at 12:35 UTC that day, Dorian made landfall in Cape Hatteras, North Carolina as a Category 2 hurricane, with 1-minute sustained winds of 100 mph (160 km/h) and a minimum central pressure of 956 mb (28.2 inHg). Afterward, Dorian began to transition into an extratropical cyclone as it quickly moved northeastward, completing its transition on September 7. The storm maintained its intensity, due to baroclinic processes, generating Category 2 hurricane-equivalent winds. Several hours later, at 7:05 p.m. AST on September 7 (23:05 UTC on September 7), Dorian made landfall on Sambro Creek, Nova Scotia, as a Category 1-equivalent extratropical storm, before making another landfall on the northern part of Newfoundland several hours later. By 11:00 p.m. AST on September 8 (03:00 UTC on September 9), Dorian had moved into the Labrador Sea, 375 miles off the coast, moving northeastward at 24 mph (39 km/h), with wind speeds of 60 mph (97 km/h), maintaining tropical storm-strength winds. As Dorian no longer posed a threat to Atlantic Canada at that time, the NHC issued their final advisory on the storm. On September 10, Dorian's extratropical remnant dissipated off the coast of southern Greenland.
More InfoOn September 4, as Dorian's large size was expected to potentially bring tropical storm conditions to southern Maryland and Delaware, in correspondence with the upgrading of the tropical storm watch in effect for the Delmarva to a warning, a tropical storm watch was issued for areas south of Fenwick Island, and areas of the Tidal Potomac River south of Cobb Island, as well as areas south of Drum Point. In Ocean City, Maryland, officials closed the seawall and removed items from the beach and boardwalk; swimming restrictions were also put into place. In Rehoboth Beach, Delaware, swimming restrictions were also put into place, while the portion of the weekend Sandcastle Contest to take place on September 6 was cancelled.
More InfoThe company's rapid growth since incorporation has triggered a chain of products, acquisitions, and partnerships beyond Google's core search engine (Google Search). It offers services designed for work and productivity (Google Docs, Google Sheets, and Google Slides), email (Gmail), scheduling and time management (Google Calendar), cloud storage (Google Drive), instant messaging and video chat (Duo, Hangouts, and Meet), language translation (Google Translate), mapping and navigation (Google Maps, Waze, Google Earth, and Street View), podcast hosting (Google Podcasts), video sharing (YouTube), blog publishing (Blogger), note-taking (Google Keep, and Google Jamboard), and photo organizing and editing (Google Photos). The company leads the development of the Android mobile operating system, the Google Chrome web browser, and Chrome OS, a lightweight operating system based on the Chrome browser. Google has moved increasingly into hardware; from 2010 to 2015, it partnered with major electronics manufacturers in the production of its Nexus devices, and it released multiple hardware products in October 2016, including the Google Pixel smartphone, Google Home smart speaker, Google Wifi mesh wireless router, and Google Daydream virtual reality headset. Google has also experimented with becoming an Internet carrier (Google Fiber, Google Fi, and Google Station).
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