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This seems like a bit of a non-story in some ways. Their revenue was up slightly YOY, and after that crazy huge quarter and the economic slow down this seems like a non-deal.
This seems like a bit of a non-story in some ways. Their revenue was up slightly YOY, and after that crazy huge quarter and the economic slow down this seems like a non-deal.
It doesn't mean the sky is falling, but may indicate a shift in attitude within Google as their costs grow faster than their revenues. Given that Google dominates email, search, browsers, phones, creator video, and a laundry list more things... it's definitely indicative of a story.
Yet they forced all Google workspace users that were grandfathered in free plans to start paying and are currently forcing grandfathered Google music (YouTube premium) family subscribers to eat a +50% price increase. Why would I stay with Google if my loyalty counts for nothing? Same goes for Netflix, if you aren't going to reward me being with you from day 1 why should I show you any loyalty? I will take full advant…
I didn’t even blink when I saw the cost of a family plan for YouTube+YouTube Music increase. My wife and I prefer YouTube Music to Apple Music (which we get from an Apple+ family plan) and we watch a lot on YouTube. I know that there are tools to block YouTube ads, but it seems more ethical to me to pay for something we use hours a day. Pardon some humor: I laugh when non-tech friends don’t want to pay for ad-free Yo…
This seems like a bit of a non-story in some ways. Their revenue was up slightly YOY, and after that crazy huge quarter and the economic slow down this seems like a non-deal.
Their stock price dropped ~9% on the news, which is pretty significant. These numbers are much worse than investors were expecting.
Meta / Facebook is also down to $129 from a high of $387. That’s a staggering loss. FB is still in a strong position (to put it mildly), but it’s interesting to see this play out.
Facebook is strategically no different than myspace a decade or two ago. When the cool kids go somewhere else, it becomes clear that the platform itself was nothing special. Edit: I was downvoted, but I stand by what I wrote. Google has Android and (for now) superior search results. Netflix has content (including their own, not just other people's). Apple has their devices, which are killing it right now. These compa…
The problems isn't that the cool kids went somewhere else. The problem is that the cool kids never really meant anything. People's attention shifted to different "cool kids" then the old "cool kids" adapted.
Earlier quoted context omitted.
They can surely do that but Google search does provide value. Even my mother noticed poor results when her search changed to some random bing-powered one. Also, Google has Android ie. largest OS in terms of user-base.
Android is shit for monetization, you need 3x as many users to match iOS revenue from ads or subscriptions
Profits are hugely volatile due to weird accounting rules (e.g. if a company holds a publicly traded subsidiary, and that sub's price drops in the quarter, all the capital loss is counted immediately as negative for "net profit" now, IIRC due to recent accounting changes). Better proxy to look at top line if you want a really rough picture of overall health. Otherwise, you need to make meticulous adjustments to botto…
$13.9 billion profit is still an insane amount of money.
Earlier quoted context omitted.
It's hilarious how often nearly this exact quote appears at the top comment in any bad news that shows up on the front page. Sure this isn't the end of the world but clearly the market doesn't believe this is a "non-deal". We're also absolutely seeing a broader shift in the tech space, and traditionally companies like Google have been more immune to market changes than others. But of course the current mantra of HN i…
I don't understand, it was down 7% today, that is no big deal in the grand scheme of things. Over the next 5 years do you think this matters at all to Google given their domination in so many areas? IE, why is this story on the front page of HN and why is it important? What is the narrative you get from this?
Yet they forced all Google workspace users that were grandfathered in free plans to start paying and are currently forcing grandfathered Google music (YouTube premium) family subscribers to eat a +50% price increase. Why would I stay with Google if my loyalty counts for nothing? Same goes for Netflix, if you aren't going to reward me being with you from day 1 why should I show you any loyalty? I will take full advant…
Are you saying Netflix shouldn't raise your rate because you subscribed from day 1?
I don't like cost increases either, but this seems like a weird thing to demand.