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Google is well diversified. You even mentioned Youtube and Android. GCP isn't at the top but it's huge. Google docs/business suite is taking over, it's the goto
by menzoic 5y ago
Google is well diversified. You even mentioned Youtube and Android. GCP isn't at the top but it's huge. Google docs/business suite is taking over, it's the goto for startups. They have a mobile carrier business. Self driving cars (although its dropping in valuation but they do have a large stake in Uber). Google is now Alphabet which it restructured into because of its diversification.
Small nit: FB wasnt public 10yrs ago but your point is valid either way.
- ReggieCommaRose 5y agoGoogle is well diversified in its business endeavors but hasn't been capitalize on that for a better diversified revenue stream.
- scarface74 5y agoHow else do you measure whether it is successfully diversifying if not by revenue or more importantly profitability? Contrast Google with Apple. Even though the iPhone is 60% of Apple’s business, last time I checked, the Mac business alone would put its revenue well within the top 100 companies.
- ReggieCommaRose 5y agoThat was my point - that Google isn’t ACTUALLY well diversified compared to its contemporaries.
- LunaSea 5y agoYoutube is a net loss and GCP has a 4.6% market share so I wouldn't really count this as diversified since very little of their overall revenue comes out of these two projects? Google docs / business is interesting but I'm not sure they make much money out of it and are scatting on the freemium tier success.
- scarface74 5y agoGoogle Docs is a very distant second. https://www.ciodive.com/news/Google-Microsoft-Office-collaboration/571740/ https://www.ciodive.com/news/Google-Microsoft-Office-collabo...
- utopcell 5y agoYouTube is a net loss ? Where is that coming from ? It brought in $6BN revenue just in Q1 [1]. [1] https://abc.xyz/investor/static/pdf/2021Q1_alphabet_earnings_release.pdf?cache=0cd3d78 https://abc.xyz/investor/static/pdf/2021Q1_alphabet_earnings...
- scarface74 5y ago“Revenue” is not the same as “profit” https://www.cnbc.com/2020/02/03/google-still-isnt-telling-us-about-youtube-and-cloud-profits.html https://www.cnbc.com/2020/02/03/google-still-isnt-telling-us...
- utopcell 5y agoThe question stands: Where is the "net loss" statement coming from ?
- scarface74 5y agoWhether it’s a net loss or barely profitable, it still doesn’t move the needle as far as Google’s income. Even if it did - it is still mostly search advertising. That’s not diversification.
- utopcell 5y agoSearch revenue was $31,879 billion in Q1 and YT revenue was $6,005 billion. It doesn't seem like you're paying attention.
- 5y ago
- scarface74 5y agoAccording to public records that came out during the Oracle lawsuit, Android had only made $22 billion in profit from its inception through the time of discovery (2016). Which is really nothing overall. https://www.theverge.com/2016/1/21/10810834/android-generated-31-billion-revenue-google-oracle https://www.theverge.com/2016/1/21/10810834/android-generate... On the other hand, it’s reported that Google pays Apple $12 billion a year to be the default search engine on Apple devices. Apple makes a lot more from Google on mobile than Google makes from Android. Andy Jassy, the CEO of AWS, has said in plenty of public statements that only 4% of all enterprise IT spend is on any cloud provider. GCP is in a distant third.