Meta loses $200B in value as earning call focuses on all the ways bleeds cash
cnbc.com
cnbc.com
They will bounce back.
Let's look at Google's business:
- They own and operate the largest ad network in the world
- They own the most widely used mobile platform in the world and have many ways they can generate revenue from that platform
- The sales of Chromebooks is on par with the sales of MacBooks, and like their Android mobile platform, provides many ways to generate revenue
- They own the most widely used email client in the world which they use to get better consumer data to support their ad network
- 'Google' is synonymous with web search. People will say "let me Google that" and then proceed to use whatever web search engine they prefer, which is still overwhelmingingly Google.
I'll close with this - I've never heard someone say one of their goals is to limit the amount of time they use one of Google's services, but I've heard several people say they intend to use Facebook and Instaqgram less. If we look out 50 years I have more faith in Google still being around and being relevant than I do in Meta still being around.
Since Google abandoned their focus on service quality, they are a prime target. The output of these models further hastens Google's decline in utility, and in turn, attractiveness to advertisers. Those ad budgets have to be spent somewhere, though; guess where?