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This is most probably the effects MBA's / late stage growth cycle. Google had all this potential profit lying around, and then someone came around and wanted t
by Seanambers 5y ago
This is most probably the effects MBA's / late stage growth cycle.
Google had all this potential profit lying around, and then someone came around and wanted to get a bonus out of it.
Google should watch out, if people no longer get any perceived utility from their services, they will find themselves destitute. A true ad company with a search engine and no innovation as Peter Thiel describes them.
I would rather pay Apple than Google.
- thatoneguy 5y ago...which will mean you'll still end up indirectly paying Google: https://www.macrumors.com/2021/06/29/icloud-data-stored-on-google-cloud-increasing/ https://www.macrumors.com/2021/06/29/icloud-data-stored-on-g...
- silisili 5y agoOpposite effect for me. I was getting workspaces for free to basically send and receive five emails a month or so. I pay Google for Google One storage, Stadia, and YT Music. Their reneging of workspaces is going to lead to me giving Google zero dollars per month. I'm sure I'm a rounding error to them, but perhaps others are in the same boat.
- hiptobecubic 5y agoBut you missed the key point. The goal was not to get more money for Google. The goal was to get a fat bonus. Doubling an orgs profit by destroying value requires some good, high-level holistic analysis to uncover. Meanwhile the VP in question will be doing everything in their power to obfuscate that, at least until after the next comp planning cycle.
- FranksTV 5y agoAt which point they will fix the mess they created and ask for an even bigger bonus.
- scsilver 5y agoI mean this is what companies build up revenue for, to be able to set prices when inflation happens. Googles services are undeniable. Now they are in position to start justifying their high multiples.