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I feel like lots of people react emotionally to Big Tech firms. Google gets hit pretty hard with lots of doom and gloom stuff. I thought the numbers below were
by O1111OOO 4y ago
I feel like lots of people react emotionally to Big Tech firms. Google gets hit pretty hard with lots of doom and gloom stuff. I thought the numbers below were appropriate here:
Revenue ....... : US $282.8 billion (2022)
Operating income: US $ 74.84 billion (2022)
Net income..... : US $ 59.97 billion (2022)
Total assets .. : US $365.3 billion (2022)
Total equity .. : US $256.1 billion (2022)
(Source: wikipedia/alphabet)
I remember IBM from the 1980s. They were so fascinating to watch as a consumer company. Personal Computers, PC-DOS and a Chess Program - that's all I mostly knew them to be. I thought they were great!
Suddenly, they vanished. Yet, still to this day... they employ more people worldwide than Microsoft or Google (source: Wikipedia).
As endUsers we have expectations of companies. In our minds, we limit them to Search or Online Videos when in fact, they can be doing so much more.
The appSheet creator? I don't know what his expectations were. These expectations might have been selfish (ie; focused only on his immediate needs. A sprinter in a company running a marathon.)
Google is doing pretty well financially - it seems to me. It is a multinational and a leader of several tech sectors.
Maybe they are not in the business(es) lots of people think they are. Maybe they're just in the business of making money and in the process building (mostly) better solutions than their competitors.
Maybe decision making isn't done by looking at the next few weeks but by looking at the next several years.