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Google Earning Q1 2024 [pdf]

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Re: Google Earning Q1 2024 [pdf]

#12

Post by [deleted] »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

[deleted]

Re: Google Earning Q1 2024 [pdf]

#13

Post by foogazi »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

> everyone in my social circle has moved on from going to Google first for information

Or have they ?

Re: Google Earning Q1 2024 [pdf]

#15

Post by summerlight »

addaon wrote: post #10

Interesting that they think they're out of internal projects and acquisitions to (profitably) spend money on. Even more interesting that the stock seems to agree -- I guess investors already believed that growth is over, and are seeing this recognition of that as an alignment between reality and internal strategy.

The only major investment left would be computing infrastructures, but it's severely limited by supply. Even if Google wants to spend more money, simply there's no chips to buy. I don't see any significant future investment opportunities other than Waymo in the foreseeable future, but it seems still far from scaling out.

Re: Google Earning Q1 2024 [pdf]

#16

Post by office_drone »

darth_avocado wrote: post #8

> Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders The most important item on the report

At today's closing price this is 3.6% of outstanding shares

Re: Google Earning Q1 2024 [pdf]

#17

Post by duringmath »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

You still have to verify plausible sounding LLM output somewhere.

Re: Google Earning Q1 2024 [pdf]

#18

Post by belter »

darth_avocado wrote: post #8

> Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders The most important item on the report

Also...10,000 fired... Employees previous equivalent quarter:190,711 and now:180,895

Edit: 190,711 employees on March 31, 2023

Re: Google Earning Q1 2024 [pdf]

#19

Post by tech_buddha »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

The layoffs and dividend are related -- the company's death rattle has been shaking a while now. Management is desperate to retain the confidence of the investor class.
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