4 ms·
2019 Net Income - $36B 2022 Net Income - $60B
by lancesells 4y ago
2019 Net Income - $36B
2022 Net Income - $60B
- UncleMeat 4y agoYeah the number of people who seem to forget that Google is among the most profitable companies on the planet both in absolute numbers and in terms of margin is wild. Yes, Google's revenue and income growth rates aren't stratospheric like they used to be. It seems to have more competition for core products than in the past. But like, it makes an absolute shitload of money.
- _8j50 4y agoFor now!
- UncleMeat 4y agoPeople have been saying this for years. Maybe it'll happen and Sundar will go down in history as a disaster, but its not there yet.
- _8j50 4y agoI don't think he will be a disaster, steve ballmer wasn't . The concern is it will be mediocre. Profits but just enough to make investors happy in the short term. You can be very profitable and not be #1 or a leader. And keep in mind, google's winning strategy has been to overhire and drain the talent pool from its competition. Laying off people to follow a trend is utter incompetence when those people are your ultimate winning strategy.
- _8j50 4y agoYou're proving my point. MS was profitable under ballmer as well but lost many competitions. It could have been many times more profitable than apple.
- lancesells 4y agoYour point is purely speculation. This is a 65% increase in profit in 4 years for a ~20 year old company. The reason I think Pichai sucks is because he's firing people while profit is $60B.
- _8j50 4y agoMS was making a lot if profit too when it tanked several products trying to catchup with market leaders. Google has been a leader but it isn't just openai that has it playing catchup that just happens to affect it's core business.