Although Google, Maps, Youtube are of daily use they are monetized exclusively by advertising which is annoying and hated by many. It has been many years since Google has launched an innovative new product.
I don't think ChatGPT will gain daily traction after this hype. Anyway we could say that MSFT and AMZN have demostrated more power to innovate with different business models (not only adv) and products.
The GOOG stock has a PE (Price/earning) of 23, while Coca cola 26. So the stock market expect higher growth from CocaCola than Google. Quite surprising.
- GOOGLE PE (23): https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pe-...
- COCA COLA PE (26): https://www.macrotrends.net/stocks/charts/KO/cocacola/pe-rat...
> Employees were encouraged to spend up to twenty-percent of their paid work time pursuing personal projects. The objective of the program was to inspire innovation in participating employees and ultimately increase company potential. For Google's part, Gmail and AdSense both arose out of side projects. In 2013, Google discontinued 20 percent time.
What has Google released since 2013[0]? Stadia?
Then you tack on that Google Search as of today is basically unusable/broken with people needing to append site:, double-quoting everything, or enabling verbatim search to get high quality results. Heck, on top of that, I also have a uBlock configuration that removes 280 domains from Google Results because they're all auto-generated spam of Stackoverflow answers.
There is something deeply wrong with the culture inside Google.
It went from "spend 20% on whatever project you find interesting!" to "spend UP TO 20% on a project your manager approves of and can defend from their manager, with routine reporting on the status, direction, and potential outcomes."
Employees went from wanting to work at Google for the "20% Time" to not using it because it was a huge hassle that could risk their career advancement, if your 20% time project didn't pan out. It went from a perk to a gamble almost overnight.
The result in the same either way though: Google stopped innovating.