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
>It has been many years since Google has launched an innovative new product.

I can say the exact same thing about countless other large companies: Facebook, Intel, Microsoft, Boeing, AMD, AT&T, I could go on and on. At some point, launching innovative new products isn't really that important for a company, when many people on the services that company provides.

>>midori+Tb1
It is if you don't want to wind up like IBM, i.e. - a company that could have been so much more, knew it had to change at the leadership level, and yet still couldn't get out of their own way. Apple's renaissance came because they started releasing innovative products and cannibalizing their own business.

Disrupt yourself before someone else does.

>>trilob+Oj1
Most large companies would just destroy themselves if they tried this. IBM is still there, decades later. Why is it not good enough to just continue to exist and generate profits, even if you aren't the highest-market-cap company on the planet?

>>midori+Yu1
Because once a company becomes publicly traded, that's not what the expectations are.