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Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.
Google stock is up 56% YoY. Fifty six percent.
What do you think it should be? 2000%?
It's a huge mature company. 56% in a year is unheard of.
Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.
What market? Google stock is up 56% YoY. Fifty six percent. What do you think it should be? 2000%? It's a huge mature company. 56% in a year is unheard of.
Also https://news.ycombinator.com/item?id=38947224
Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.
Google Cloud alone grew 22%.
https://erp.today/storm-clouds-for-google-as-q3-misses-analy...
Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.
Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.
In the last quarter Alphabet reported "total revenues of $76.69bn, an increase of 11 percent year-on-year (YoY)." Google Cloud alone grew 22%. https://erp.today/storm-clouds-for-google-as-q3-misses-analy...
You’ve got to (a) zoom out and look at trend, (b) focus on profit, not revenue, and (c) look at forecast (future, not past).
Alphabet net income for the twelve months ending September 30, 2023 was $66.732B, a 0.39% decline year-over-year. Their annual net income for 2022 was $59.972B, a 21.12% decline from 2021. And their annual net income for 2021 was $76.033B, a 88.81% increase from 2020.
If you believe that companies should grow, then a trend of rapidly decreasing profits is very worrisome and that you need to turn around.
https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-...
As I have been saying for a while Google, Amazon, Facebook, all these companies are on the decline. We have allowed them to become so big that they don't fall fast but it's very apparent that they would have been disrupted if they were normal sized like companies were in the past.