Omid Korestani has now bid farewell to Google to join Twitter Twitter Inc. has been successful in poaching Mr. Omid Kodestani- an executive at Google Inc. Mr. Omid will now head the social media department of the company as the executive chairman. This comes as a turnaround strategy by Twitter who is trying to redeem itself under the leadership of Jack Dorsey who has now been confirmed as the official CEO. Many analysts believe that Mr. Kordestani has a lot of sales experience which can result in becoming a turning point with the insights, vision and knowledge of Jack Dorsey. Mr. Kodestani mentioned in a tweet, “It's rare you get to be in a company with an amazing business that's also transforming the world.” He further added, "I've had the good fortune to be at three: Netscape, @google, and now @twitter." Kordestani is said to be the current senior adviser at the search engine giant. So now he is all geared up to join Twitter and will be taking up an operational role in the social media company. According to a spokesperson from Twitter, Mr. Kordestani will have the responsibility to assist the board along with recruiting employees. Moreover, he will also advise the executive leadership on various issues. As per Twitter, they are further mentioned that they will recruit someone from the outside world as the chairman since Mr. Dorsey is heading to companies simultaneously. This initiative by Twitter is actually a big dent on Google since Mr. Kordestani is respected at the company and was handling an important domain. The announcement turned about to be a positive ray of hope for Twitter since the company’s stocks which were down by 18% this year, rose by 1% after this news penetrated in the market. This announcement can actually result in several changes in the company’s board of director which has been criticized for a relatively long period of time for having numerous former CEOs of Twitter. Many analysts and investors now believe that this is the reason why the company has failed to engage several high level executives. Twitter is now devoted to reuniting growth since over the previous quarter they embraced a negligible growth since the time they have gone public in FY13. Moreover, news has been penetrating where the company might lay off 8 per cent of its total workforce merely comprising of product and engineer employees. James Cakmak who is an analyst at Monness, Crespi, Hardt & Co. stated, "(Kordestani) has incredible business acumen and can help fine-tune the strategy and attract talent to Twitter.”

Google Reports Another Self Driving Accident

The search engine giant has reported another collision of a normal car with an autonomous car of its own, and that too entirely because of human error.

Google Inc has been rolling out tests for its self-driving cars for quite some time now and so far, it has reported quite a few accidents that have been made by the automotive cars. Reports suggest that the firm’s cars are now being turned into machines that are well aware of the demands of the people and are being built accordingly.

The data that is required to make these automatic cars good enough to be put on the road is being continuously fed into it, which shows just how much time and money the tech giant is spending on the venture. According to a recent report, it was informed by the firm that a new test will be carried out of the cars in Austin in the upcoming weeks. The self-driving car is Lexus RX450h, the sport utility vehicle chosen by the firm to install the self-driving techniques in, and the tests are to be carried forward with a total number of 25 cars.

The upcoming cars that Google is currently planning to test in Austin look like mini vans and are still going through the process of receiving more information on how to work on the roads before the test is done. A recent report on the car was given by the leader of the automotive program for self-driving cars that are being made by the search engine company, and it came around that the cars that have been brought to the road so far around completing around 10,000 miles of autonomous activity every week, and that too on the roads that are being used by the general public.

Furthermore, the tech giant is presently a little away from making the big launch by making the cars safe for public usage. It has been a long time enough for the firm to be testing the autonomous cars and it is being stated that the company could be looking for a couple of more years before passing all the tests and clearing out all the speculations the public has towards the new technology.

Even though there have been a couple of harmless accidents that took place while testing the autonomous cars, so far no casualties have been reported apart from minor scratches and bruises that the people present on the location received. Recently, a collision was reported to the press which was also due to a human error and was not at the machine’s end, as by pressing the brakes too hard, the driver present in the car stopped the car all too suddenly which caused the car at the back to hit the rear end of Google’s autonomous car.

Bidness Etc - Merrill Lynch Analysts Believe Google Stock To Stay Strong For Long Term

The search engine giant is believed to stay strong on the stock in the future by analysts at investment back Merill Lynch.

According to the most recent Google news, it has been seen that the tech giant has been rated with a ‘buy’ on its shares along with a massive target on the shares resting at $650 by the analysts at Merill Lynch. This reiteration was carried out by the analysts after the significant I/O developer’s conference that was reportedly held on May 29 by the search engine giants.

The firm has notably released a new version of the operating software that it was previously offering its users. The new OS which has been named as Android M is scheduled to be launched by the second half of 2015. Moreover, the tech giant software company was also seen to introduce new update features of Google Play and Google Photos. Along with that, the firm discussed the whole idea and carrying out of Internet of Things at the conference.

Keeping all the recent activities of Google finance in mind, one would believe that the fact Merill Lynch analysts have granted such a rating to the stock of search engine giant firm is due to the innovations that are being brought on the surface by the firm but the analysts have announced that the recent updates on their analysis have nothing to do with what the tech giant carried out a week back. However, the Internet of Things platform seems to portray a positive near-term future for the firm because of which the analysts have emerged to be bullish about the company.

It is also to be believed by the equity firm that since the past few quarters, Google has managed to improve on a massive scale on the Internet of Things platform which has become more and more dominant on the company’s bright future. The investment bank has analysts who are also taking Google Play in consideration and believe that this will take the firm to new successful heights that are very much needed at this time where competition is constantly on the rise. Google Play has been proving as it is a feature that makes the Android phones stand quite differently than the other phones of its kind.

On the other hand, the fact that Google’s expenditures have been increasing at a very quick pace is helping the analysts believe that in the near future, this might help the company gain advantage over other companies that are not spending as much as it is on their expenditures. The tech giant has also released a date for the launch of the much awaited Nexus devices that the firm reportedly has been working on.