Such a blerg nothing company with almost no innovation sitting on a cash volcano that never stops erupting.
I often think about what an incredible bargain YouTube was at $1 billion.
I often think about what an incredible bargain YouTube was at $1 billion.
So just the simple fact of "existing" on the Internet now costs money. Not only that, with their ads, you can target competitors search names. So you need to outbid your competitors so that your users don't get directed to your competitors by "accident". When I lost uBlock last month, I was surprised how many sites buy ads for their own names.
To be clear, they have been doing this for so long I was first told it by a friend in the travel sector almost 20 years ago, along with the explanation of why this ends up absorbing a frightening proportion of the spare money in the economy.
The whole reason Google had such a nightmare over Facebook was FB is the only thing that broke their monopoly on this, which is why FB also prints money.
It's interesting that not many investors sees this and there is little investment in an alternative browser. It is literally a software worth hundreds of billions of $$$. I hate Sam Altman as an individual but I have to admit that he could see it which is probably why he tried to grab "chrome" when an opportunity presented itself.
It's hard to tell if it's actually turning over a profit when they only report revenue for it.
But, as a Google employee for about a decade at this point, I really do think that the company is trash when it comes to planning and coordination and is getting worse at it over time. I think that there are a lot of things it never really needed to learn how to do because the ads money is just so outrageous.
I wish they'd just spin out more companies so they could rise or fall on their own.