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Says the commenter with zero evidence to support their claims.

by hated 6y ago

guyzero 6y ago
Come on, anyone can read GOOG financial statements. https://abc.xyz/investor/static/pdf/20201030_alphabet_10Q.pdf https://abc.xyz/investor/static/pdf/20201030_alphabet_10Q.pd... Q3 2019, ads were 84% of revenue Q3 2020, ads were 81% of revenue It's not a massive change, but it's changing and ads are at the lowest percentage of overall revenue they've ever been.
- kodah 6y ago
  > It's not a massive change, but it's changing and ads are at the lowest percentage of overall revenue they've ever been. "More diversified than it's ever been" can be factually true here, but for the purposes of this discussion was highly inaccurate.
  - libria 6y ago
    OP was directly responding to: > They've mostly given up on the idea of a clever person finding a new money-hose. They just focus on the one they have now. The financial numbers suggest they have not given up and have succeeded incrementally towards other sources since. How else do you correct the above statement?
- bg24 6y ago
  Agree. Cloud, health, self-driving cars, devices.. all these have the potentials to become the next big thing. Growing from $1B to $10B is really difficult, unless you have virtually no competition.
mikestew 6y ago
There's no posted evidence for the idea that Google only makes money on advertising, either. Can we have a discussion where we assume that everyone isn't an idiot who needs a link for every statement? Or do you seriously think advertising is the only way Google makes money? If so, sibling comment posted some nice links that one would do well to read.
- NoOneNew 6y ago
  They're publicly traded. Their revenue sources are open for the public to read. The other guy saying they're diversified linked to their quarterly to show 80% ad revenue. That's pretty much "they're an ad company".
  - guyzero 6y ago
    A decade ago when the OP was an intern it was 100%! Non-ad revenue source have grown by infinity percent! I made a very specific claim and I'm not sure what everyone's problem is. Google has found other sources of revenue and is actively trying to grow those sources. There are other hoses. I have never claimed it's not an ad company or that ads have somehow gone away. Because that would be dumb and factually wrong.

Says the commenter with zero evidence to support their claims.

by hated 6y ago

Says the commenter with zero evidence to support their claims.

Come on, anyone can read GOOG financial statements. https://abc.xyz/investor/static/pdf/20201030_alphabet_10Q.pdf https://abc.xyz/investor/static/pdf/20201030_alphabet_10Q.pd... Q3 2019, ads were 84% of revenue Q3 2020, ads were 81% of revenue It's not a massive change, but it's changing and ads are at the lowest percentage of overall revenue they've ever been.

kodah 6y ago
> It's not a massive change, but it's changing and ads are at the lowest percentage of overall revenue they've ever been. "More diversified than it's ever been" can be factually true here, but for the purposes of this discussion was highly inaccurate.
- libria 6y ago
  OP was directly responding to: > They've mostly given up on the idea of a clever person finding a new money-hose. They just focus on the one they have now. The financial numbers suggest they have not given up and have succeeded incrementally towards other sources since. How else do you correct the above statement?
bg24 6y ago
Agree. Cloud, health, self-driving cars, devices.. all these have the potentials to become the next big thing. Growing from $1B to $10B is really difficult, unless you have virtually no competition.

mikestew 6y ago

There's no posted evidence for the idea that Google only makes money on advertising, either. Can we have a discussion where we assume that everyone isn't an idiot who needs a link for every statement? Or do you seriously think advertising is the only way Google makes money? If so, sibling comment posted some nice links that one would do well to read.

NoOneNew 6y ago
They're publicly traded. Their revenue sources are open for the public to read. The other guy saying they're diversified linked to their quarterly to show 80% ad revenue. That's pretty much "they're an ad company".
- guyzero 6y ago
  A decade ago when the OP was an intern it was 100%! Non-ad revenue source have grown by infinity percent! I made a very specific claim and I'm not sure what everyone's problem is. Google has found other sources of revenue and is actively trying to grow those sources. There are other hoses. I have never claimed it's not an ad company or that ads have somehow gone away. Because that would be dumb and factually wrong.