The consensus seems to be that their stock has gone up due to laying off thousands of people, thus increasing their "efficiency". It's hard to tell how much it

The consensus seems to be that their stock has gone up due to laying off thousands of people, thus increasing their "efficiency". It's hard to tell how much it would be worth if ChatGPT wasn't a thing, but my guess is that it would be doing at least a bit better. To put it into words, post-2022 Google is a mildly handicapped version of itself.