Google Set to Drone On in Attempt to Blanket World in Wi-Fi

Wayne Ellis

Google Set to Drone On in Attempt to Blanket World in Wi-Fi (Reuters)

Certainly, creating a global blanket of Wi-Fi coverage for its users is one of Google’s main long-term business goals. In this respect, it’s not all that different from every other big name in the internet game; however, the means by which GOOGL is going after these goals is what separates it from the pack. And, quite frankly, it seems like the stuff of spy novels. For example, there’s the mystery surrounding its four Google Barges — and the misinformation campaign surrounding them and their purposes. And now, there’s the acquisition of Titan Aerospace and its drone producing expertise. Google seems determined to blanket the globe virtually through software and physically through hardware. The only remaining question for investors is how high will shares go? Google’s already seen its price top $1,000 per share before a recent stock split, but can it climb higher from today’s $550ish value?

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Last Friday, the U.S. Department of Commerce released its March 2014 retail sector data. Overall, the retail sector’s 1.1 percent gain beat analysts’ expectations, posting the highest gain since September of 2012.

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