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The year 2012 was the first time that Google generated $50 billion in annual revenue, generating
$38 billion the previous year. In January 2013, then-CEO Larry Page commented, "We ended
2012 with a strong quarter ... Revenues were up 36% year-on-year, and 8% quarter-on-quarter.
And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a
decade and a half."[73]
In June 2013, Google acquired Waze, a $966 million deal.[74] While Waze would remain an
independent entity, its social features, such as its crowdsourced location platform, were
reportedly valuable integrations between Waze and Google Maps, Google's own mapping
service.[75]
Google announced t
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Entrance of building where Google and its subsidiary Deep Mind are located at 6 Pancras Square, London