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Google was famously undervalued at IPO, even relative to its value back then (that is, ignoring the wild upside that actualized). It’s likely not the new Google from a shareholder upside perspective, given the hype.

Google's IPO was a Dutch Auction. It's impossible to be undervalued in a Dutch Auction.

Was Google preventing other search engine developers from searching for resources?

I mean, just saying the new guy is trying not to be evil does not give any credence to some meaningful differentiation over the long term. Won't they just eventually be evil too? Seems odd to continue to trust the early thinking of long term companies. Haven't we been burned enough?