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They have have been buying back stock for a very long time
In fact they announced the same-sized buyback authorization exactly 1 year ago.
Is this announcement a continuation of buybacks at the same rate, or just a renewal of the headroom?
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I think this is the same thing I feel when I read Meta's earnings. I continue to see growth in usage of their core properties but I don't think my entire circle touches Facebook or even Instagram nearly as much. Whatsapp certainly isn't driving those ad dollars so it truly is remarkable how disconnected my demographic (loosely using my here) is from the overall world usage.
The world is much larger than the bubble we live in.
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Google has $100B+ of cash and is giving out $10B/yr as a dividend. I think they will be able to scrape something together if they have a good idea.
Yes - and what they’ve decided is a dividend. It’s the first in their history. I’m not saying it’s good or bad, but it’s something.
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> everyone in my social circle has moved on from going to Google first for information Or have they ?
I have moved to Kagi as my search engine, although 99.99..% of people will probably never pay for search. Anecdotally, whenever I'm not finding what I need on Kagi and fallback to Google (less than once per week), it's shocking what a disaster the UX of Google's products have become (Maps is an even bigger offender than Search, where seemingly arbitrarily labeled places get more visibility than the search results).
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Yeah, they should spend it making 5 new chat apps.
Or halting the layoffs.
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…
When you say moved on can you share what you're using when you want/need to buy something online? Understand you moving on for information, but just curious what you're using these days for a specific product.
Only better quality alternative I found that has the same coverage and is available here.
FWIW for my purposes Marginalia is also a lot better quality (less annoying, more likely to give me the results I want - if it has them) than Google now but I cannot use it as my only search engine since the index is still small.
The other big ones (Bing, DDG) managed to still be worse than Google last time I tried despite Google goong out of their way to make it easy for others to walk past them.
There was another interesting one but they discriminated against non Americans and didn't even allow is to try so I don't know. It looked promising though, but as long as kagi don't betray us I get I stay with it.
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…
When you say moved on can you share what you're using when you want/need to buy something online? Understand you moving on for information, but just curious what you're using these days for a specific product.
Not OP, but Kagi/reddit/trustedReviewSites/anywhereButAmazon.
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The world is much larger than the bubble we live in.
Or they are counting bots and other ai agents and ignoring the truth?
You could argue fb and particularly twitter are incentivized to include it in their DAU counts but market cares more for revenue for large companies.
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In fact they announced the same-sized buyback authorization exactly 1 year ago.
How much of authorization was realized in actual purchase last year? Is this announcement a continuation of buybacks at the same rate, or just a renewal of the headroom?