182k employees, still! Impressive.
what are all those people doing?
I'm posting on hacker news!
Alphabet Earnings Release FY23 Q3 [pdf]
41–50 of 56 posts
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#42Earlier quoted context omitted.
There are many tasks for which speed is not an absolute requirement. I bet there are lots of places that parallelisation makes more computers within the ballpark of acceptable performance perfectly cromulent to keep around. Heck, my 2015 mac is a perfectly serviceable media player when I watch sport.
None of that has anything to do with the accounting change that they made.
With repercussions. If they’re estimating a lifespan extension and later go back to the original estimate, they’ll have huge one-off depreciation charges, no?
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#43182k employees, still! Impressive.
what are all those people doing?
You’d be surprised the challenges that crop up when a company grows to the size of a FAANG. For all the bad press they get, Timmy’s little acronym.io startup doesn’t have to have entire teams to deal with nation state actors trying to use platforms to destabilize global democracy.
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#44Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.
I hope people understand that their profits come as a result of monopolistic abuse and pitting advertisement buyers against each other in a bidding war.
We are all paying into Google coffers a tiny bit.
Maybe it's not a zero-sum game, but it's not an unlimited-sum game either. Google is doing this at the expense of the general public, through hundreds of mini-dark patterns designed to extract data and sell it back to us, at a markup (in dollars or attention).
The business may be impressive from the point of big numbers, but that's all it is. It stopped being impressive after the search quality has gone downhill and none of the other products panned out.
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#45Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.
The iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.
The iPhone was instantly taking market share from BlackBerry from release. By 2011 they already had ~20% of the market share. The same market share they hold today.
Google still hold a dominate position in Search with ~85% of the market share. The same market share they had for the past decade. No one is taking the market from them.
Their Ads business has more competition that every before, yet it still a growing business. The only company that has taken significant share from that has been Meta and that has slowed significantly for the past 3-4 years now.
So who is going to destroy Google's business like the iPhone did to BlackBerry?
You can't build a significant Ad business overnight and Ads aren't going anywhere.
Google has more 1 billion users application than any other company in the world most of them are contain Ad space for them to sell.
The only threat to Google is Meta and again Meta hasn't been a threat for the past 3-4 years.
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#46Earlier quoted context omitted.
they might trim some infrequently used features but I can't see them completely killing Google Cloud- not only does it make money (the only real money other than ads), the reputational hit would be immense. Imagine telling thousands of enterprises they have to move petabytes to a competitor.
There's also loads of crossover with the tooling they use to run all their own services.
Like what?
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#47Earlier quoted context omitted.
Would you please stop posting these? Pre-existing agendas aren't ok on HN because they aren't curious conversation. Obviously criticisms of $BigCo are fine on HN (every thread fills up with them anyhow), but the high-order bit should be curiosity. Taking HN threads on generic flame tangents in a fixed and repetitive way, which your account has been doing for a long time now, is not what this site is for. https://news…
I will follow up with you by email regarding this incident within the next day or so.
Please just stick to the intended use of the site. Any fixed agenda is tedious, and you've been prosecuting one on HN for many years.
It should go without saying, but I suppose I'll add that this has nothing to do with agreeing or disagreeing with you, only with what HN is for (and what it is not for).
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#48Re: Alphabet Earnings Release FY23 Q3 [pdf]
#49[flagged]
Would you please stop posting these? Pre-existing agendas aren't ok on HN because they aren't curious conversation. Obviously criticisms of $BigCo are fine on HN (every thread fills up with them anyhow), but the high-order bit should be curiosity. Taking HN threads on generic flame tangents in a fixed and repetitive way, which your account has been doing for a long time now, is not what this site is for. https://news…
The way this thread appears now (OP is flagged / invisible), it seems somebody made a remark about layoffs and the reaction was negative despite layoffs being at least somewhat relevant to quarterly results. But it's really telling to see YC HN moderation speak up in public here (when very clearly the mods can reach the user by private email) and yet YC HN mods were completely 100% OK with blatent sexism in another Google-related thread, where a user doubled down into "[xx theory] in and of itself that suggests the male was better at the job than she was."
Re: Alphabet Earnings Release FY23 Q3 [pdf]
#50Google is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.
I hope people understand that their profits come as a result of monopolistic abuse and pitting advertisement buyers against each other in a bidding war. We are all paying into Google coffers a tiny bit. Maybe it's not a zero-sum game, but it's not an unlimited-sum game either. Google is doing this at the expense of the general public, through hundreds of mini-dark patterns designed to extract data and sell it back to…
> pitting advertisement buyers against each other in a bidding war.
How else do you sell a limited resource that more than 1 person wants?
On the other side of that bidding war is a publisher with an ad spot to sell. Sure Google takes a cut of that sale, but in every auction there is always a commission given to the auctioneer.
No one is complaining about Sotheby's making a profit when they sell the latest Banksy painting for squillions.