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> Other advertising companies made far more profit than Google Your argument fails at that. Considering Google strictly an "advertising" company is a narrow vi

by Teeer 9y ago

> Other advertising companies made far more profit than Google Your argument fails at that. Considering Google strictly an "advertising" company is a narrow view, even in 2004.

panarky 9y ago
It's not my argument, it's an argument from analysts who said Google was overvalued in 2004. Apparently they couldn't imagine the future, so they measured Google against its contemporaries. Comparing Tesla to Ford is a similar failure of the imagination.
- xkjkls 9y ago
  Really? Why? Is Tesla not a car company?
  - manicdee 9y ago
    Tesla is a battery company that also makes cars.
    - hndamien 9y ago
      It is an energy company.
    - xkjkls 9y ago
      That seems like an even less bullish fact. Batteries are never going to command the same margin or moat as cars, and hence would have even lower market cap comps.
  - panarky 9y ago
    Tesla is a car company in the same way that Google is an advertising agency.
    - xkjkls 9y ago
      In what way?