"Today, Google parent Alphabet Inc. reported a record $65.1 billion in revenue during the third quarter of 2021, with the company’s advertising business increasing 43.2% to $53.1 billion. Quarterly search advertising made up the bulk of revenue with $37.9 billion in the third quarter, rising from $26.3 billion during the same period in 2020. YouTube ads accounted for another $7.2 billion—up from $5 billion in Q3 2020—and Google’s ad network revenue brought in $7.9 billion."
Oh, sorry- I should have said "profit", not "revenue".
I think people want an excuse to justify their previous positive outlooks on Larry and Sergey by claiming something has changed. But Larry and Sergey still sit in charge of an extremely harmful company under investigation for numerous types of illegal and inappropriate conduct. Both had inappropriate relationships with subordinates that should've gotten them both fired, and both of them have yachts and/or islands that are worth more than some small countries.
Larry handed sundar effective control over Google when he promoted himself to Alphabet. Even 10 years ago, Larry lost interest in search (it was really sad for the search folks when they realized that). Larry picked sundar because sundar is a robot that makes money, and larry needs that money for his longterm mission.
They may not be day to day involved, but they vote down any shareholder proposals to fix what Google is doing, they're aware of what's going on. And the sleezy practices started long before Alphabet did, ads and search results have been becoming less distinguishable for a decade.
And Sundar's claim to fame, lest we forget, is hijacking everyone's browser settings by injecting the Google Toolbar into every Adobe Flash Player installer.
Unless you work directly with one of these three people I don't know how you could make such a claim. Press releases don't count as reliable sources
So theoretically in a few years Google might decide to kill their search product and nobody will really come in and make another one because after all the years of bad search results from Google everyone will naturally conclude that search on the internet just doesn't work.
That's right, I'm so paranoid I think that song is about me.
Do you have more details for this?