4 ms·
Google's stock dropped 5% right away, 200billion of value
by eamag 2mo ago
Google's stock dropped 5% right away, 200billion of value
- peter422 2mo agoIn theory I think the stock should be going up because his tenure has found Google getting left behind.
- rvz 2mo agoAnd? I bought more. This is excellent news. This over-reaction is why people can't see over a long time horizon. This is great news for Google as they realize that Sundar is the problem and he will soon leave Google for Demis to be the new CEO of Alphabet (Google) which I am predicting. [0] [0] https://news.ycombinator.com/item?id=39868160 https://news.ycombinator.com/item?id=39868160
- xnx 2mo agoAI is critically important to Google, but there's a lot more to Google than just having a frontier AI model. Do Demis skills line up with what the whole company needs? It's going to be tough to beat Sundar's 1200% increase in stock price.
- mupuff1234 2mo agoWhy would they do this extra step if that were the case?
- SpicyLemonZest 2mo agoI sold out of my position. I can imagine a story where it works out in the long term, but I don't see how this doesn't cause terrible retention problems in the short to medium term. I felt a pull to launch a startup when I heard Jeff Dean was leaving, and I'm a long time big corp employee who hasn't been at Google in over a decade.
- aix1 2mo agoIt's weird for an announcement like this to drop in the middle of a trading day. I wonder if it got leaked, forcing the timing.