Business Week writes:
Google’s goal is to make this not just an end product, but rather a platform for organizing events and sharing information, analysts say. “Google has rethought the entire role of a calendar,” says Forrester Research analyst Charlene Li. “It recognizes you have several calendars to manage and that you have to interact between them.”
Although Google has not announced how it plans to make money from the calendar offering, event planning could provide prime real estate for advertisers. A local costume store could advertise in conjunction with an invitation for a Halloween party, for instance. “Events are highly monetizable,” says Li.