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Google Announces Q3 2011 Financial Results, Google+ has 40 million users

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Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#21
post #14

Something like 20 million of their users are in India, a lot of those look like Orkut (Google) converts (edit: maybe notsomuch, add FB and look at last few years). http://www.google.com/insights/search/#q=google%20plus%2Cork...

Orkut appears to decline steadily on that graph since 2007. Any variable which goes up over time would look like it was stealing mindshare from orkut.

Negative correlation is also not causation.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#23

Just a datapoint, but out of all the invitations I sent out when G+ first launched (100-150, I don't recall), 40 or 50 friends signed up. ~3 of them still use it at least once a week. From my observations, G+ still seems to consist primarily of three major user groups: 1. Tech celebrities 2. Technologists in general 3. Non-US users Facebook's feature set is killer, but at some point, I really would like to use some s…

You forgot professional photographers...

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#24
post #14

Something like 20 million of their users are in India, a lot of those look like Orkut (Google) converts (edit: maybe notsomuch, add FB and look at last few years). http://www.google.com/insights/search/#q=google%20plus%2Cork...

Search doesn't correlate to usage. I don't search for Facebook, but use it a lot.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#25
An interesting meta data point here is that out of the short few sentences they chose to quote from larry page, more than 50% of it was about Google+. Even though it generates no revenue and has a tiny user base compared to the rest of Google's products.

Which is to say, whatever you think about Google+ it is undeniable that they see it as a huge strategic priority.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#26

The number of users doesn't mean much, everyone is invited now.

Yep, # of users is meaningless. especially when curious people are clicking on that + image on top, and just pressing 1 button makes them automatically an user. That's like literally shoving random people into your store and calling them a shopper.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#27
post #20
post #13

Earlier quoted context omitted.

Am I missing something? $302 million on $42 billion is <1% return.

For the quarter, which would be over 3% for the year. Which doesn't seem to bad if your not putting your money into overly risky things. Treasury bonds may be yielding less?

You're right: The long bond is less, so what are they invested in? "Marketable securities" with 3% yield means that they have something not AAA (which probably makes sense on such a large cash hoard) but there will come a day when interest rates go up. That will cause the value of their bonds to drop substantially.

Hell, I'd like 3% on my money.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#29
post #9

Earlier quoted context omitted.

Buy patents apparently :-) More seriously, I asked once about this when they were removing bottled water from the local mini-kitchens and dropping over 1 billion dollars a quarter into the bank. My question was "Gee, can't you spare a couple of million this quarter to keep the bottled water restocked?" and obviously the answer was that they could not. But from a corporate/strategic point of view having a lot of cash…

Removing bottled water is not a financial decision, but an environmental one. Every new employee is given a water bottle they can fill with water an infinite number of times. If they took away bottled water, I'm sure they replaced them with fruit juice, organic teas and all sorts of ambrosia.

So, they replaced the plastic bottle of water with a plastic bottle of flavored water-like beverage. Sounds like an environmental win to me.

Re: Google Announces Q3 2011 Financial Results, Google+ has 40 million users

#30

Just a datapoint, but out of all the invitations I sent out when G+ first launched (100-150, I don't recall), 40 or 50 friends signed up. ~3 of them still use it at least once a week. From my observations, G+ still seems to consist primarily of three major user groups: 1. Tech celebrities 2. Technologists in general 3. Non-US users Facebook's feature set is killer, but at some point, I really would like to use some s…

You forgot professional photographers...

Yup and also remember that Facebook beat MySpace because of the techie users. It's not the masses that determine success its the influencers.
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