Google Investors Ask, “What’s Next?”

Google has become synonymous with the Internet.

Google has also become a fixture in the American home with many people opting to “Google it.” The search engine giant has many things going for it, but even so, there is still some cause for concern.

Growing competition in the areas of search has cut into Google’s action and new emerging markets are still too young to count as assets. Does Google have what it takes to meet its investors’ growing appetites? In world where you are only as good as your last whopping success, can Google pull off a second miracle?

The rise of social networking catapulted Google into the stratosphere. AdWords, a pay per click advertising model created by Google, saw a tremendous rise in revenue thanks to market-targeted advertising. Facebook has taken notice crafting an ad program that bares striking resemblance to that of Big G’s.

Still not convinced? Let the numbers do the talking.

Just-announced 3Q numbers tell the story: Revenue from search drove a revenue increase of 23 percent and a net income increase of 32 percent. Google told analysts that display ads (images and video on YouTube, no text) are set to bring in over $2.5 billion in revenue in the coming year. (And mobile is estimated at about $1 billion.)

Yet for all of its successes, Google is still showing signs of age.

People are getting smarter about search and now with big box style websites like Amazon.com people are able to find all of their needs with less need to hunt around. As Google looks ahead it banks on the mobile market buying out AdMob, a mobile advertising agency.

Acquisition is the order of the day as Google strengthens its engineering and sales division by several hundred strong. The company is taking aggressive moves to make the leap into the new markets. Google’s vision is clear: To become the search engine for the social network generation, a sleeker more user intuitive interface working seamlessly behind the scenes.