Google Will Eat Itself (2005) • Hacker News Board

Re: Google Will Eat Itself (2005)

#11

Post by m12k » Fri, Jul 31, 2020, 1:46 PM UTC

HenryKissinger wrote: post #4

> We generate money by serving Google text advertisments on a network of hidden Websites. With this money we automatically buy Google shares. We buy Google via their own advertisment! Google eats itself - but in the end "we" own it! I thought websites paid Google to have their ads on their ads network. Isn't that how Google makes the bulk of its revenue?

Advertisers pay Google, which then pays publishers (people who own websites) to have the ads displayed on their sites. This display ad network was largely established when Google bought DoubleClick, and should not be confused with Google's search ads (where ads are displayed in Google's own search results).

Re: Google Will Eat Itself (2005)

#12

Post by rmellow » Fri, Jul 31, 2020, 1:46 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

In some countries the decimal symbol is a comma. So, the latter.

Re: Google Will Eat Itself (2005)

#13

Post by viraptor » Fri, Jul 31, 2020, 1:47 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

It's $405413. Using Spanish formatting I believe. (comma as a decimal point and the dot for thousands)

Re: Google Will Eat Itself (2005)

#14

Post by pritambarhate » Fri, Jul 31, 2020, 1:48 PM UTC

As per Wikipedia[1]: >> Page and Brin remain co-founders, employees, board members, and controlling shareholders of Alphabet Inc.

Forbes article referenced by Wikipedia:[2] >> At Alphabet’s annual meeting in June, multiple shareholders criticized the fact that Page did not show up given that he and Brin have more than 50% of the company’s voting power, thanks to Alphabet’s multi-class stock structure. That structure will not change despite the management shift, the company said.

[1] https://en.wikipedia.org/wiki/Alphabet_Inc.

[2] https://www.forbes.com/sites/jilliandonfro/2019/12/03/larry-...

Re: Google Will Eat Itself (2005)

#15

Post by eminence32 » Fri, Jul 31, 2020, 1:48 PM UTC

HenryKissinger wrote: post #4

> We generate money by serving Google text advertisments on a network of hidden Websites. With this money we automatically buy Google shares. We buy Google via their own advertisment! Google eats itself - but in the end "we" own it! I thought websites paid Google to have their ads on their ads network. Isn't that how Google makes the bulk of its revenue?

This part is not totally clear, but from my reading, the process works like this:

GWEI sends money to google, to have them runs text advertisements.

These advertisements will say "please send money to GWEI"

Some of this money will be used to buy additional advertisements. The rest of it will be used to buy GOOGL shares

EDIT: The above text is wrong. GWEI reference a "network of hidden websites", and I guess I don't really know what that means.

Re: Google Will Eat Itself (2005)

#16

Post by [deleted] » Fri, Jul 31, 2020, 1:48 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

[deleted]

Re: Google Will Eat Itself (2005)

#17

Post by karagenit » Fri, Jul 31, 2020, 1:49 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

It's the latter, many non-American countries flip the usage of the comma and the period symbols in numbers.

Re: Google Will Eat Itself (2005)

#18

Post by saalweachter » Fri, Jul 31, 2020, 1:49 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

As was pointed out last year, given stock growth and splits, if they actually bought and held that much stock, it's probably $2M+ by now.

Re: Google Will Eat Itself (2005)

#19

Post by ecmascript » Fri, Jul 31, 2020, 1:51 PM UTC

saalweachter wrote: post #18

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

As was pointed out last year, given stock growth and splits, if they actually bought and held that much stock, it's probably $2M+ by now.

If they actually held that much stock, it would probably be very tempting to just cash out as well.

Re: Google Will Eat Itself (2005)

#20

Post by rtkwe » Fri, Jul 31, 2020, 1:51 PM UTC

ecmascript wrote: post #10

Very confusing numbers: > Amount of USD: 405.413,19 Is that ~$405 or ~$405413? What about the hosting costs?

Other countries use the comma as the decimal separator and periods as the thousands separator. It's just something you get used to eventually.