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> I don't see how Google can afford not to do this. They're not doing it right now and seem to be affording it just fine: at their most recent earnings call, r
by Analemma_ 8y ago
> I don't see how Google can afford not to do this.
They're not doing it right now and seem to be affording it just fine: at their most recent earnings call, revenue was up 23% YoY to hit $110 billion annually, EPS was up 32%, and share price was up about 25%. There's no excuse for this other than the capitalist dictum that more income must be pursued at any cost.
Baidu is not a global competitor to Google, at all. Their English-language results are a joke; not even close to being as good as Bing's, never mind Google's.
- headmelted 8y agoI understand this. Maybe it'll be Bing. Maybe Amazon Search in 2025. My point is that by forgoing any amount of market Google is effectively allowing a competitor to ultimately have whatever their own growth potential is, plus 20%. Its not about whether they need the money, which clearly they don't, it's whether by leaving it on the table (for reasons I agree with) they risk allowing themselves to be supplanted by someone else who isn't even pretending to "not be evil". The other equally cynical argument I would make is, they're a public company, they have to make the numbers keep going up. I don't like being the d-word saying this.