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>Supposedly the funding for Google Cloud will go bye-bye if they don't beat Azure by 2023. Source on this? Also, Amazon was just an eCommerce store before AWS
by senttoschool 4y ago
>Supposedly the funding for Google Cloud will go bye-bye if they don't beat Azure by 2023.
Source on this?
Also, Amazon was just an eCommerce store before AWS.
- gregsadetsky 4y agoThis article/rumor from 2018-ish: https://news.ycombinator.com/item?id=21815260 https://news.ycombinator.com/item?id=21815260
- senttoschool 4y agoI wouldn't put too much stock into something from 2018, which was a 3rd party report on a meeting in 2016.
- 0xbadcafebee 4y agoThe article is overblown but the point remains: if GCP doesn't stop shedding money, the business is not going to let it burn cash indefinitely on a fool's errand. There will be pull-back and we don't know what services (or regions) will be affected. This may be the first of a trend. "Google Cloud still operating at a loss despite revenue, client wins" (https://www.ciodive.com/news/google-cloud-revenue-Q2-2022/628283/ https://www.ciodive.com/news/google-cloud-revenue-Q2-2022/62...). Their revenue increased but so did their losses by about the same percentage. They are still 14% behind Microsoft's marketshare. They are leaning into a niche of "data, analytics, security", which is so broad that it won't take much for their competitors with much larger market share to eat their lunch. A year ago they said they'd be profitable by this time. A year before that they said the same thing. It's kind of sad. All that technology and nobody wants them, like a nerd without a date.