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Google is investing a billion dollars in a new office in New York

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Google is investing a billion dollars in a new office in New York
December 18
09:00 2018

Google is going to invest one (!) billion dollars in the establishment of a branch office in New York. Alphabet CFO Ruth Porat made this information public. It’s about two buildings in lower Manhattan with a total area of 160 thousand squares. The opening is scheduled for the period from 2020 to 2022.

Prior to this, the company bought a huge shopping center for $ 2.4 billion. All these purchases will make it possible to increase the number of employees in the city to 14 thousand people.

Like other high-tech companies, Google is increasing the number of offices outside the southwest of San Francisco. New offices will also be opened in Los Angeles and Detroit. Amazon, a competitor to Google, also announced the branch opening in New York and West Virginia.

At the beginning of the week, the shares of Alphabet did not much changed in price. For this year, the company’s value has decreased by less than 1% and currently amounts to 728 billion US dollars.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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    Mr Needham said Google still has a long way to go before all of its operations are fuelled by renewable energy. He said about 34 per cent of Google’s power requirements are sourced from renewables. Needham told reporters it wasn’t always easy to meet this target in some parts of the world, saying: “Our goal is to be 100 per cent renewable powered. There are lots of challenges in getting there, not the least of which is operating in many jurisdictions that are in different parts of the world.” He added: “At Google we invest in innovative renewable energy projects that have the potential to transform the energy landscape and help provide more clean power to businesses and homes around the world.”

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  2. Investoram.Org
    Investoram.Org January 20, 08:37

    Google parent Alphabet Inc. ( GOOGL ) said Monday that it will invest more than $1 billion to build a new campus in the Hudson Square area of New York that will be its primary global business hub.

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  3. Lashaun Pressley
    Lashaun Pressley July 31, 08:48

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