Google Self-Eating Program
A group of developers participating in the Adsense contextual advertising program launched Google Will Eat Itself (GWEI) a few years ago, which is a “self-eating” model for Google. The bottom line is this: the Adsense contextual advertising is spinning on the web of websites, and Google’s shares are automatically bought with money earned.
What is surprising, the model works. At least, she worked in the first years after the launch of the experiment. If you believe the statistics , at some point 819 Google shares passed into the ownership of GWEI, which is almost a million dollars at the current exchange rate (approximately $ 960 thousand).
True, the GWEI site has not been updated for several years, so it is not entirely clear whether the purchase of shares continues. Apparently, the published statistics refer to 2008, or even earlier. According to the calculations of the creators, if the “self-feeding” continues at the same pace, the process will be fully completed in 202,345,117 years. Theoretically, it could be significantly accelerated if you connect many webmasters. However, you need to understand that not all Google shares are available on the free market, but only Class A. shares. The preferred shares (Class B) remain in the ownership of company executives and allow you to get a majority when voting: 10 votes per Class B share and only 1 vote per share Class A.
Legally, purchased shares are transferred to GTTP Ltd. property. (Google To The People Public Company), which anyone could become a shareholder, now this feature is disabled “for technical reasons”.
')
Even if the GWEI experiment is discontinued, the very idea of attempting to automate the translation of an arbitrary company into “public property” is rather curious. Perhaps this project is worth reviving?
What is surprising, the model works. At least, she worked in the first years after the launch of the experiment. If you believe the statistics , at some point 819 Google shares passed into the ownership of GWEI, which is almost a million dollars at the current exchange rate (approximately $ 960 thousand).
True, the GWEI site has not been updated for several years, so it is not entirely clear whether the purchase of shares continues. Apparently, the published statistics refer to 2008, or even earlier. According to the calculations of the creators, if the “self-feeding” continues at the same pace, the process will be fully completed in 202,345,117 years. Theoretically, it could be significantly accelerated if you connect many webmasters. However, you need to understand that not all Google shares are available on the free market, but only Class A. shares. The preferred shares (Class B) remain in the ownership of company executives and allow you to get a majority when voting: 10 votes per Class B share and only 1 vote per share Class A.
Legally, purchased shares are transferred to GTTP Ltd. property. (Google To The People Public Company), which anyone could become a shareholder, now this feature is disabled “for technical reasons”.
')
Even if the GWEI experiment is discontinued, the very idea of attempting to automate the translation of an arbitrary company into “public property” is rather curious. Perhaps this project is worth reviving?
Source: https://habr.com/ru/post/216033/
All Articles