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> See, Google, that's how it's done. Invest in an ecosystem for two decades, with many money-losing years, and you might have a shot at breaking in a highly com
by csdvrx 3y ago
> See, Google, that's how it's done. Invest in an ecosystem for two decades, with many money-losing years, and you might have a shot at breaking in a highly competitive market.
I don't think they have the money or the human resources necessary for that anymore :(
Too little too late won't save google
- Kluggy 3y agoThey do, but what they lack is vision and will to follow through with anything.
- worldsayshi 3y agoHaven't their revenues skyrocketed lately?
- arp242 3y agoAlphabet had a $60 billion net income in 2022. In a quick check 2023 will likely be higher. What are you talking about? This entire meme where people take "I heard some vaguely bad news about $company" and/or "gigantic $company is now slightly less gigantic" to mean "$company is dead" is just silly.
- csdvrx 3y ago> What are you talking about? I was being ironic, as revenue for a company that size is easy. However, deciding what to use it for is hard. Growing new lines of business is even harder for old companies. So I was only half joking: given the poor use google had made of the resources they have, I really think they don't have enough resources (both brains and dollars) to grow new business lines because I don't think they have anything in their pipeline that can go big. Maybe I will be proven wrong (good for google!) but I think they should have been more proactive in the last 5 years: you reap what you saw, but they've cut what was trying to grow, so their harvest will be small.
- huytersd 3y agoAhaha did you just see the financials they released?