4 ms·

I legitimately don't understand why the board hasn't forced him out yet. Does he have any successes at all during his tenure?

jimsimmons 3y ago
Cloud is doing pretty well. YouTube started making serious money. Pixel is a long term product line. Avoid metaberg-esque pivots towards crypto or VR Very few businesses in the last 20 years that can compete with Google ad tech in scale and margins.
- amir734jj 3y ago
  You are proving the point that google is just an ad company
  - jimsimmons 3y ago
    If you’re in denial about that, it’s a you problem
sokoloff 3y ago
He’s presided over a CAGR of the shares of nearly 20%. That’s a success that the board, representing the shareholders, cares a great deal about.
- csdvrx 3y ago
  Yes, but what was the growth in similar companies? What if we compare GOOG to MSFT and a few others? I see a lot of missed opportunities and wasted potential.
- jossclimb 3y ago
  That was from the lock-down sea that lifted all the boats , pretty much every tech company on the planet thrived during that period.
  - sokoloff 3y ago
    It was a CAGR of over 21% for his first 4 years (all pre-pandemic). Don’t get thrown off looking at a linear chart. On a semi-log chart, you can see the performance was strong throughout and even somewhat stronger pre-COVID.
pfannkuchen 3y ago
I wonder if there’s any chance they see the AI stuff as bluster. They decided it wasn’t a viable business continuously for years. Now competitors debut tech they already had and sat on. Are they suddenly like, oh god we’ve been wrong for years, or are they like, alright we’ll play along. If it’s the latter their non drastic actions could make sense (not saying I agree with them necessarily though if that is that case). (Where the purpose of playing along would be to not appear to be behind to the public)
- deleted 3y ago
  [deleted]
geodel 3y ago
Google Cloud has made profit first time in history. Youtube revenue keep increasing. Other bets like self-driving car may payoff. Ad business is suffering less than competitive ad businesses. Two things investor are recently asking for is reduction in workforce and rationalizing compensation. First one is done to an extent. Second one likely be agenda in coming months and years. So all in all Google is doing fine and board or investors have no need to be concerned with CEOs. It may change though if competitors do hurt google business in material ways in future.
- poppytaker 3y ago
  Cloud under their previous accounting policy is still losing money. (I.e. the change in depreciation rates to lower how much is expensed each year)
- albertopv 3y ago
  Google 2022 net income was nearly 60B. 20% down from 2021, when there still was a pandemic, but in 2020 net income was 40B. They still are making a tons of money while trying very hard to cripple their future of every product but search ads, and everybody says Google search worsened last years. ChatGPT is still a niche, but when many people will have used it at work they may very well use it at home.

jimsimmons 3y ago

Cloud is doing pretty well. YouTube started making serious money. Pixel is a long term product line. Avoid metaberg-esque pivots towards crypto or VR Very few businesses in the last 20 years that can compete with Google ad tech in scale and margins.

amir734jj 3y ago
You are proving the point that google is just an ad company
- jimsimmons 3y ago
  If you’re in denial about that, it’s a you problem

sokoloff 3y ago

He’s presided over a CAGR of the shares of nearly 20%. That’s a success that the board, representing the shareholders, cares a great deal about.

csdvrx 3y ago
Yes, but what was the growth in similar companies? What if we compare GOOG to MSFT and a few others? I see a lot of missed opportunities and wasted potential.
jossclimb 3y ago
That was from the lock-down sea that lifted all the boats , pretty much every tech company on the planet thrived during that period.
- sokoloff 3y ago
  It was a CAGR of over 21% for his first 4 years (all pre-pandemic). Don’t get thrown off looking at a linear chart. On a semi-log chart, you can see the performance was strong throughout and even somewhat stronger pre-COVID.

pfannkuchen 3y ago

I wonder if there’s any chance they see the AI stuff as bluster. They decided it wasn’t a viable business continuously for years. Now competitors debut tech they already had and sat on. Are they suddenly like, oh god we’ve been wrong for years, or are they like, alright we’ll play along. If it’s the latter their non drastic actions could make sense (not saying I agree with them necessarily though if that is that case). (Where the purpose of playing along would be to not appear to be behind to the public)

deleted 3y ago
[deleted]

geodel 3y ago

Google Cloud has made profit first time in history. Youtube revenue keep increasing. Other bets like self-driving car may payoff. Ad business is suffering less than competitive ad businesses. Two things investor are recently asking for is reduction in workforce and rationalizing compensation. First one is done to an extent. Second one likely be agenda in coming months and years. So all in all Google is doing fine and board or investors have no need to be concerned with CEOs. It may change though if competitors do hurt google business in material ways in future.

poppytaker 3y ago
Cloud under their previous accounting policy is still losing money. (I.e. the change in depreciation rates to lower how much is expensed each year)
albertopv 3y ago
Google 2022 net income was nearly 60B. 20% down from 2021, when there still was a pandemic, but in 2020 net income was 40B. They still are making a tons of money while trying very hard to cripple their future of every product but search ads, and everybody says Google search worsened last years. ChatGPT is still a niche, but when many people will have used it at work they may very well use it at home.