zlacker

>>i13e+(OP)
It's been a while since they stopped innovating.

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...

>>marcop+1a
Some have postulated that this might be Google's Blackberry moment. On the flip side I wonder if its actually more like its Dropbox moment.

The press loves a David and Goliath story; the young disruptor versus the stodgy disrupted.[1] At that time, Dropbox was David, coming out of nowhere in a hurry and had a product that seemingly should be so obvious for Google to launch but hadn't - making Google seem antiquated and slow.

Fast forward a couple of years (aka a decade) and Dropbox is still going ok but Google Drive is by far more ubiquitous.

I guess only time will tell.

[1] Dropbox Versus The World https://www.fastcompany.com/3042436/dropbox-versus-the-world

>>someth+3l
Google makes fuck all revenue from Drive, it never mattered. EVERYTHING at Google, most notably the cash fire that is Cloud, is funded by Search. This is the first time that is in danger and over 25 years they never came up with a fallback plan. This is an unmitigated disaster and purely the result of mismanagement.

>>nr2x+5h1
Cloud operating losses have dropped substantially YoY, and revenue has risen steadily. It is at most a few years from profitability.

>>ryboso+aq1
The point is Cloud is still 100% subsidized by Search, and if Search loses even 5% of market share in the next 12 mo it is a disaster as GCP cannot fill the gap as they are still losing money. The velocity at which they are losing money is immaterial to the fact they are not nearly ready to plug a hole if Bing take share.