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It doesn't matter what inflation is in other countries if the vast majority of Google's earnings are in dollars.
by bloppe 3y ago
It doesn't matter what inflation is in other countries if the vast majority of Google's earnings are in dollars.
- paxys 3y ago> if the vast majority of Google's earnings are in dollars They aren't.
- bloppe 3y agoTrue, but the word "currency" pops up 53 times in this report [1], mostly in regards to managing "foreign exchange risk", so they seem to be taking deliberate measures to stay on the inflation trajectory of the dollar. [1]: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000045/goog-20230331.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204423...
- HDThoreaun 3y agoEvery single number in this report is in dollars.