Google Earning Q1 2024 [pdf]

Post by harryp_peng » Fri, Apr 26, 2024, 12:42 AM UTC

EL_Loco wrote: post #74

laweijfmvo wrote: post #35

Earlier quoted context omitted.

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).

What do you use instead of Google Maps? I don't know enough about alternatives to choose one.

Post by refulgentis » Fri, Apr 26, 2024, 12:44 AM UTC

VirusNewbie wrote: post #154

zeroCalories wrote: post #125

Earlier quoted context omitted.

Stock buybacks are done when a company think either 1. they are massively under valued, or 2. when there isn't a better investment for their cash.

Google does it regularly as they pay out so much RSUs they want to keep the same number of shares on the market. You can look and see them historically doing this

Post by FredPret » Fri, Apr 26, 2024, 12:46 AM UTC

rvz wrote: post #157

FredPret wrote: post #140

It's going to take a long time for alternatives to make inroads into Google. There are lots of marketing dollars looking for a home, and Google is going to be one of the better bets for some time to come. They may turn into a zombie but they won't die for a long, long time. For example, cable companies still exist and have a ton of paid ads on them. Fox makes $3-5B in sales per quarter: https://valustox.com/FOXA Sinc…

With the amount of mindshare, infrastructure and over 90% of the search engine market share that Google has, it will take decades to even begin to challenge Google's market share in search. We've seen this with Neeva which is now no more. Perplexity appears to be no different and only appeals to techies and at the same time is already dependent on Google search for their results, according to The Information. In fact…

Post by TillE » Fri, Apr 26, 2024, 12:50 AM UTC

darkwizard42 wrote: post #37

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…

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.

Post by zztop44 » Fri, Apr 26, 2024, 12:56 AM UTC

tech_buddha wrote: post #129

StressedDev wrote: post #52

Earlier quoted context omitted.

I think most companies would love to being "dying" like Google "is". Seriously, Google is not dying and making obviously false claims is not helpful.

Speaking as a shareholder here, a 2 trillion dollar valuation warrants extraordinary justification. Past performance is no guarantee of future results. As the AI models get better and better at compressing the world's information, people will be going directly to their model of choice