Wall Street PR

Facebook Inc (NASDAQ:FB) And Google Inc (NASDAQ:GOOGL) Race For Wider Internet Offering Through Satellite Technology

Boston, MA 09/15/2014 (wallstreetpr) – The cut-throat competition that the Internet companies face today cannot be ignored at all. Facebook Inc (NASDAQ:FB) is among the top-most Internet giants that knows how to remain in the mainstream league. Recently, it was disclosed that a satellite executive from Google Inc (NASDAQ:GOOGL) has been magnetized by Facebook, which clearly highlights the level of competition between the two Web giants. Mr. Michael Tseytlin had joined Facebook at the beginning of this month in order to serve the Facebook Connectivity Lab for satellite technology.

Increasing Competition: Increasing Executives Theft

What might be called “executive theft,” is actually a better prospect for the employee, but at the same time, a valuable addition for Facebook. Mr. Tseytlin is a satellite design expert and was earlier working on the satellite efforts of Google Inc (NASDAQ:GOOGL) along with the team leader, Greg Wyler. Interestingly, Mr. Wyler also left Google recently.

Tseytlin’s Facebook Project

What Facebook is up to, is still under cover because Mr. Tseytlin hasn’t clearly revealed about his project at Facebook Inc (NASDAQ:FB). However, The Wall Street Journal reported that he has been engaged in vital networking with crucial and top-level business development executives in some of the renowned companies such as Intelsat SA (NYSE:I) and Space Systems/Loral, LLC.

The Race of Two Giants

While Google changed the way people browsed or searched for the information on the Web, Facebook, in the meanwhile, changed the way people connected with each other. Both Google and Facebook are first in their respective league, but what remains common, is the fact that the two keep racing with each other to offer Internet more widely and broadly to the people. Satellite technology will have an important role to play in the aforesaid race and, therefore, Michael Tseytlin’s departure from Google Inc (NASDAQ:GOOGL) and entry into Facebook Inc (NASDAQ:FB) is an important event.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@cablemanpro.com) or his Google+ page (https://plus.google.com/103338576216002376250).