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Yeah well I thought GOOG was a dumb investment since >95% of their revenue came from AdWords and surely MSFT & others would pump billions in and make a real den
by jforman 10y ago
Yeah well I thought GOOG was a dumb investment since >95% of their revenue came from AdWords and surely MSFT & others would pump billions in and make a real dent.
The vast majority of their revenue is still from AdWords despite those billions being spent, but that GOOG pie's only grown over time.
- Apocryphon 10y agoI guess in tech sometimes you just have to expect the competitors to be too incompetent/short-sighted to be an existential threat. That's how I always understood Apple's survival, at least.
- lettersdigits 10y ago> you just have to expect the competitors to be too incompetent/short-sighted Same probably goes to %99.9 of all investors as well, otherwise those %99.9 would have been rich from buying Google after their IPO. Being short sighted is a humans' thing, probably. not a tech CEOs' thing..
- adventured 10y agoBuying Google at the IPO wouldn't have made most investors rich anyway. They IPO'd with far too high of a market cap already (as contrasted to Microsoft, Oracle, Dell, Cisco, etc. from the prior generation). A 17x return over 12 years won't make most (non-rich) investors rich unless they bet every dollar they have on said investment (a nearly impossible and entirely impractical scenario). An average investor betting $10,000 - $25,000 on Google's IPO would be a serious investment. $170,000 - $425,000 is a great return off of that, it's just not anywhere near rich. Had they IPO'd at something more like what tech companies used to, an investor could have seen a 250x to 1000x return up to this point. That would make you rich off of a $10k bet. Amazon for example, has produced something like a 560x return so far from the IPO.
- bbcbasic 10y agoI shorted Google back in the day! Gave up once I lost $500 or so.
- deleted 10y ago[deleted]