Google Inc (GOOG) Recap: Shares Up $16.35 in Week on Positive News

Google Inc. (NASDAQ:GOOG) displayed a strong performance to shareholders in the recent trading week, rising 2.82%. The tech company helped the Nasdaq achieve an 11-year.

On Monday, Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT) and AOL (NYSE:AOL) supported a move to reduce “phishing” emails which attempt to trick recipients into believing they come from a legitimate source, reported the Wall Street Journal. Also,  Samsung is considering including a digital pen with the next version of its Galaxy Tab tablet, and LG, which, like Samsung, uses Google’s (NASDAQ:GOOG) Android operating system, is also slated to include a digital pen in an upcoming smart device, the publication added.

Tuesday, Google (NASDAQ:GOOG) sent a 13-page letter to Congress explaining its decision to change its privacy policy, reports CNet. In an accompanying blog post, the company’s director of public policy Pablo Chavez said the company “welcomes discussions about our approach” and it hopes the letter will “clear up the confusion.” Meanwhile, search ad spending is expected to increase 27% in 2012, compared with 2011, e-Marketer predicted, according to search engine land. Google’s (NASDAQ:GOOG) share of search ad spending will rise to 77.9% this year, up from 74.4% last year, the firm added.

On Wednesday, Google (NASDAQ:GOOG) held talks to keep its Google Maps service operational in China, The Next Web reports. The company is seeking the granting of a license required by the Chinese government. Also, YouTube (NASDAQ:GOOG) CEO Salar Kamangar announced that the company is considering a system by which content providers could create their own subscription-based video offerings, according to GigaOm. And, Google (NASDAQ:GOOG) plans improvements to its core search that will leverage visual search innovations, an ad industry source was told by the company, according to Business Insider. Lastly, according to estimates from Paul Allen, as posted to a Google (NASDAQ:GOOG) blog, Google+ membership has grown more than 10% since January 19th when Larry Page announced 90M users. Allen says “I have them at 100.8M users by the end of the day.” Allen estimates Google+ will have at least 400M users by the end of 2012.

Thursday, it was revealed Facebook’s (FB) IPO may value CEO Mark Zuckerberg’s stake at $28.4B, putting him ahead of Google’s (NASDAQ:GOOG) co-founders and near Larry Ellison, who started Oracle (NASDAQ:ORCL), reported Bloomberg.

On Friday, to help keep “malicious” software out of its app store, Google (NASDAQ:GOOG) said it increased security on its Android mobile-device software, reported the Wall Street Journal. Also, the U.S. government has decided to modify smartphones running Google’s (NASDAQ:GOOG) Android operating system, in order to enable them to handle classified government documents over cellular networks, according to CNN. Lastly, Google (NASDAQ:GOOG) requested permission from the FCC to test a new entertainment device in employees’ homes in four U.S. cities, according to Gigaom, which cited Google’s application to the agency. The device connects to home WiFi networks and use Bluetooth to connect to other home electronics equipment, the application states.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com