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Google Earning Q1 2024 [pdf]

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Re: Google Earning Q1 2024 [pdf]

#141

Post by smgit »

Jensson wrote: post #60
okdood64 wrote: post #48

Earlier quoted context omitted.

Agreed. Reddit is a bubble too if you take note of the viewpoints there, but that reaches a wider variety of folks. Imagine how much of a bubble HN is.

HN is a bubble where people listen to what you say even if you argue against them, I haven't found any such place anywhere else before. I've found some people who listen even to people they disagree with on some niche forums, but never a community as big as this with density this high. Other than listening and arguing in relatively good faith I don't think HN is a bubble, although such people probably have pretty dif…

But isn't that the definition of a bubble - a group that doesn't behave the same as gen pop?

Re: Google Earning Q1 2024 [pdf]

#142

Post by CamperBob2 »

falcor84 wrote: post #81
baron816 wrote: post #39

Earlier quoted context omitted.

I think that most of the traffic being stolen away is going to be for low value searches. I (and probably almost everyone else) use Google when I already know what I want, ie I’m trying to get to a company’s website to buy a particular thing, but don’t know their url name. I’m not going to use an LLM to shop for car insurance or look for hotels.

>I’m not going to use an LLM to shop for car insurance or look for hotels. As I understand it, this is a great use-case for AI agents (a-la Custom GPT) and I wouldn't be surprised if the tech for that matures over the next year.

Yes, it's a great use case for using local AI agents to shop for the best deal on the consumer's behalf.

Or did you mean Google's AI agent, or hotels.com, or somebody else with a built-in conflict of interest? Well, in that case, no thanks.

Re: Google Earning Q1 2024 [pdf]

#143

Post by mrep »

jldugger wrote: post #106
guyzero wrote: post #70

Earlier quoted context omitted.

yes, thank goodness Meta finally invented dividends.

was there a tax law change that motivated this versus more buybacks?

Yes, they've started taxing stock buybacks (albeit it started a year ago): https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-...

Re: Google Earning Q1 2024 [pdf]

#144

Post by rvz »

endisneigh wrote: post #38
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…

This site has always been a bubble.

Indeed. Most of the commenters here really have no clue of what is going on and are just reacting to the headlines.

I'm very delighted that I bought GOOGL stock at $95 when it fell after everyone panicked at their Bard demo a year ago. [0]

[0] https://news.ycombinator.com/item?id=34713073

Re: Google Earning Q1 2024 [pdf]

#145

Post by thelastgallon »

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…

Google search's biggest threat is Amazon. People buying stuff search directly on Amazon.

Re: Google Earning Q1 2024 [pdf]

#146

Post by WheatMillington »

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

Why don't American companies pay dividends? I assume it's not tax efficient to pay dividends in the US?

Re: Google Earning Q1 2024 [pdf]

#147

Post by wskinner »

WheatMillington wrote: post #146
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

Why don't American companies pay dividends? I assume it's not tax efficient to pay dividends in the US?

If you as a shareholder receive a dividend of X% of the share price, you owe tax on it. But if the company buys back stock and as a result the share price increases by X%, you do not owe tax on that unrealized gain until you choose to sell your stock. That’s good for investors.

Re: Google Earning Q1 2024 [pdf]

#148

Post by wslh »

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 volume of search ads I see increased dramatically since one year ago. Just adding a data point to the discussion.

Re: Google Earning Q1 2024 [pdf]

#149

Post by akomtu »

jasonfarnon wrote: post #117
akomtu wrote: post #50

Earlier quoted context omitted.

Injecting ads into the actual search results looks egregious today, but will be the norm later.

First they'll just insert them among the results but--no need to worry!--"clearly" labeled as ads. Then the labels get smaller and smaller. Like Quora, yahoo news, etc.

I meant the actual search results will be mangled to show ads. And that's where llms come into play: they can merge a quote from wikipedia with a pharma-sponsored ad.

Re: Google Earning Q1 2024 [pdf]

#150

Post by PaulDavisThe1st »

thelastgallon wrote: post #145
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…

Google search's biggest threat is Amazon. People buying stuff search directly on Amazon.

#notallpeoplebuyingstuff
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