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Pure speculation, given that Google hasn't launched a single successful product* since their IPO. *giving things away for free doesn't mean they are a success
by gress 13y ago
Pure speculation, given that Google hasn't launched a single successful product* since their IPO.
*giving things away for free doesn't mean they are a success
- wutbrodo 13y agoPlay is expected to be a $3.2 billion a year business in 2014. Where do you set the bar for "a successful product"? $5B/yr? Also I'm not sure if you're also excluding acquisitions from your arbitrary definition, but all the DoubleClick products (DFA/DFP/AdX) were post-IPO and are not even close to the same product as AdSense. Don't mistake "I don't understand what I'm talking about" with "anything that has the letters 'ad' in it must be the same product".
- gress 13y agoOk - but accepting this perspective, all validated growth has been growth in advertising. Does the P/E ratio reflect expectations for the further growth of the ad business, or is it speculation that Google can be successful in creating another type of business for which there is no antecedent?