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Alphabet 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 h
by arp242 3y ago
Alphabet 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.